secwatch.observer — SEC 8-K summary
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Issuer:     GOODYEAR TIRE & RUBBER CO /OH/ (GT)
CIK:        0000042582
Form:       8-K/A
Filed at:   2025-02-07T23:59:59+00:00
Accession:  0001193125-25-022755
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Goodyear OTR sale closes; pro forma shows $905M cash, debt repayments planned
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- Sale closed Feb 3, 2025; Yokohama paid ~$905M cash for Goodyear's OTR tire business.
- Pro forma 9M 2024 net sales $13.76B vs reported $13.93B; net loss $11M vs $6M reported.
- Pro forma FY2023 net sales $19.77B vs $20.07B; net loss $706M vs $689M reported.
- Proceeds to redeem $500M of 9.5% Senior Notes due 2025 and repay $366M of revolving credit.
- Goodyear entered into product supply agreement and trademark license with Yokohama.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/42582/000119312525022755/0001193125-25-022755-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/42582/000119312525022755/d837267d8ka.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-022755

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