Dana Incorporated completed the sale of its Off-Highway business to Allison Transmission Holdings for $2,664, with further adjustments based on net working capital and net indebtedness.
Pro forma financial statements reflect the impact of the divestiture which began in the second quarter of 2025 with results reported in discontinued operations.
Proceeds from the sale will be used to redeem senior notes and transition services agreements were made with Allison.
Sale Details
The $2,664 sale price includes adjustments based on net working capital and net indebtedness balances.
Redemption of Senior Notes
Dana plans to redeem outstanding senior notes using the proceeds from the sale.
Transition Services Agreements
Agreements with Allison for various services for up to 12 months post-sale.
- The sale of the Off-Highway business represents a strategic shift for Dana Incorporated, enabling a sharpened focus on core operations and debt reduction through senior notes' redemption.
- Transition services agreements with Allison ensure a seamless transfer of critical functions as Dana adapts to its revised operational framework.
Dana Incorporated's sale of the Off-Highway business symbolizes a crucial move towards financial optimization and strategic alignment. The redemption of senior notes and transition agreements underscore a well-thought-out post-sale strategy.