Dana Holdings has raised a total of $750 million in a two part note sale, Reuters reports. The size of the deal was increased from an initially planned $700 million by the maker of axles, drive shafts and thermal-management products. The bonds worth $400 million, which carry a coupon rate of 6.5%, will mature on Feb. 15, 2019 and the notes worth $350 million, which carry a coupon rate of 6.75%, will be due on Feb. 15, 2021. The joint book-running managers for the sale were Citi, Wells Fargo, Bank of America Merrill Lynch, Barclays, ING, Deutsche Bank and UBS.
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