On Monday, Shares of Dana Holding Corporation (NYSE:DAN), gained 1.91% to $13.36.
Dana Holding Corporation (DAN) has been named the Best Battery Solution Provider of the Year by the China Decision Makers Consultancy (CDMC). The honor is in recognition of Dana’s research and contributions to thermal-administration technologies for hybrid-electric vehicles and battery-electric vehicles.
Through its Long® brand of thermal-administration technologies, Dana produces customizable components for cooling systems that are designed to optimize the efficient operation of electrical systems, extend battery life, and allow faster battery charging. Dana technologies, which are highly flexible, comprise battery cooling chillers, cold plates for batteries, cooling plates for power electronics, engine control unit coolers, stator coolers, and sub-cooled loop radiators – all of which are specifically engineered for use with vehicle electronic systems.
“Dana has strong history of innovation in thermal-administration technologies for all types of vehicles, and that is especially true for recently’s hybrid-electric and battery-powered vehicles. We are happy that our efforts have been recognized by the CDMC awards panel,” said Dwayne Matthews, president of Dana’s Power Technologies Group. “We continue to work with vehicle, electronics, and battery manufacturers to develop technologies for the next generation of hybrid, battery, and fuel-cell vehicles.”
Dana Holding Corporation manufactures and sells driveline, sealing, and thermal-administration products for vehicle manufacturers in North America, Europe, South America, and the Asia Pacific. The company operates in four segments: Light Vehicle Driveline Technologies, Commercial Vehicle Driveline Technologies, Off-Highway Driveline Technologies, and Power Technologies.
Shares of The Chemours Company (NYSE:CC), declined -6.54% to $5.57, during its last trading session.
The Chemours Company, declared a global price improvement on all Ti-Pure™ titanium dioxide grades.
Effective January 1, 2016 or as contracts or law allow, a net price improvement of $150 per tonne will apply for all Ti-Pure™ titanium dioxide grades sold in all regions.
Chemours Titanium Technologies is the world’s largest manufacturer of titanium dioxide, serving customers globally in the coatings, paper and plastics industries. The company operates plants at DeLisle, Miss.; New Johnsonville, Tenn.; Altamira, Mexico; and Kuan Yin, Taiwan; all of which use the chloride manufacturing process. The company also operates a mine in Starke, Fla. Technical service centers are located in Paulinia, Brazil; Mexico City, Mexico; Mechelen, Belgium; Kuan Yin, Taiwan; Shanghai, China; and Wilmington, Del., to serve the Latin American, European, Middle Eastern, Asian and North American markets.
The Chemours Company, a chemical company, provides titanium technologies, fluoroproducts, and chemical solutions. Its flagship products comprise brands, such as Teflon, Ti-Pure, Krytox Viton, Opteon, and Nafion.
Finally, Gramercy Property Trust Inc (NYSE:GPT), ended its last trade with -3.65% loss, and closed at $7.65.
Gramercy Property Trust, declared that it has accomplished its merger with Chambers Street Properties (“Chambers Street”; and together with Gramercy, collectively, the “Combined Company”) and, in connection therewith, the Combined Company reached a new senior unsecured credit facility (the “Facility”) with J.P. Morgan Securities LLC and Merrill Lynch, Pierce, Fenner & Smith Incorporated as Joint Book runners and Joint Lead Arrangers, Wells Fargo Securities, LLC, U.S. Bank National Association and Royal Bank of Canada, as Joint Lead Arrangers, JPMorgan Chase Bank, N.A., as Administrative Agent, and Bank of America, N.A., as Syndication Agent. The Facility comprises of an $850 million senior unsecured revolving credit facility (the “Revolving Credit Facility”), a $300 million three-year term loan (the “3 Year Facility”) and a $750 million five-year term loan. The Revolving Credit Facility has an initial term of four years with an option for a one-year extension and the 3 Year Facility has an initial term of three years with an option for a one-year extension. The Facility replaces the previous unsecured credit facilities issued to Gramercy and Chambers Street. The combined company also reached a new $175 million seven-year senior unsecured term loan with Capital One, National Association as Sole Lead Arranger, Sole Book runner, and Administrative Agent that replaces Chambers Street’s former seven-year term loan facility.
In addition, the combined company declared that the combined company accomplished the private placement of $150 million in senior unsecured notes. The notes have a fixed interest rate of 4.97% and are due December 2024. $100 million of the private placement was funded concurrent with the closing of the merger and $50 million is predictable to fund in January 2016.
Gramercy Property Trust Inc is an equity real estate investment trust. The firm invests in the real estate markets of the United States. It makes investments in industrial and office properties to create its portfolio. The firm was formerly known as Gramercy Capital Corp. Gramercy Property Trust Inc was founded in 2004 and is based in New York City with additional offices in St. Louis, Missouri and Jenkintown, Pennsylvania.
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