After 2 Years In Ch. 11, Dana Is Solvent Again
The Toledo, Ohio-based the auto parts maker said it reduced labor costs and administrative expenses, created trusts to assume ongoing obligations for retiree health and welfare costs, and improved its manufacturing footprint during its 23 months in Chapter 11.
The company also obtained a $650 million asset-based revolving credit facility and a $1.35 billion term loan facility from...
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