Dana Files $600 Million Shelf Registration
Dec 15, 1997
TOLEDO, Ohio, Dec. 15 /PRNewswire/ -- Dana Corporation (NYSE: DCN) today filed a "Universal Shelf" registration statement with the U.S. Securities and Exchange Commission to register common stock and/or debt securities of the company having a maximum aggregate offering price of $600 million. After the registration statement becomes effective, Dana plans to offer the registered securities from time to time at prices and on terms to be determined at the time of offering. Dana may sell the securities directly or through agents, underwriters, or dealers. The company expects to use the net proceeds from the sale of the securities for general corporate purposes, including the repayment or refinancing of existing indebtedness. The company does not intend to issue equity in the immediate future. Dana Corporation is a global leader in the engineering, manufacture, and distribution of products and systems for the automotive, heavy truck, off- highway, engine, and industrial markets. It also operates a leasing services business, Dana Credit Corporation. Founded in 1904 and based in Toledo, Ohio, Dana operates facilities in 30 countries and employs more than 48,000 people. The Internet address for Dana's home page is www.dana.com. SOURCE Dana Corporation CONTACT: Gary Corrigan of Dana Corporation, 419-535-4813 CNOC: http: //www.prnewswire.com or fax, 800-758-5804, ext. 226839 WEBSITE: http: //www.dana.com