debt
confidence high
sentiment neutral
materiality 0.60
Goodyear prices $500M 6.625% senior notes due 2030; to redeem $500M of 5% notes due 2026
GOODYEAR TIRE & RUBBER CO /OH/
- Goodyear priced $500M aggregate principal of 6.625% Senior Notes due July 15, 2030 at 100% of par.
- Net proceeds, plus cash, will redeem all $500M of outstanding 5.000% Senior Notes due 2026 on July 3, 2025.
- Separately, Goodyear called $400M of the 2026 Notes for redemption on June 30, 2025 using Dunlop brand disposition proceeds.
- Offering expected to close June 3, 2025; underwriters include Deutsche Bank, BofA, Citigroup, Goldman Sachs, among others.
- New notes are senior unsecured obligations guaranteed by certain U.S. and Canadian subsidiaries; interest payable Jan 15 and Jul 15.
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