secwatch.observer — SEC 8-K summary
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Issuer:     GOODYEAR TIRE & RUBBER CO /OH/ (GT)
CIK:        0000042582
Form:       8-K
Filed at:   2025-06-03T23:59:59+00:00
Accession:  0001193125-25-133852
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Goodyear prices $500M 6.625% senior notes due 2030; to redeem $500M of 5% notes due 2026
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/42582/000119312525133852/0001193125-25-133852-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/42582/000119312525133852/d69930d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-133852

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