debt
confidence high
sentiment neutral
materiality 0.60
Goodyear prices $1.05B of 8.875% senior notes due 2032, proceeds to refinance 2027 notes
GOODYEAR TIRE & RUBBER CO /OH/
- $1.05B aggregate principal of 8.875% senior unsecured notes due July 15, 2032 priced at 100% par.
- Net proceeds to repay outstanding 4.875% ($700M) and 7.625% ($117M) notes due March 2027.
- Offering expected to close June 4, 2026; interest payable Jan 15 and Jul 15 starting Jan 15, 2027.
- Notes are senior unsecured, guaranteed by US and Canadian subsidiaries; redeemable on/after July 15, 2029.
- Joint book-runners: J.P. Morgan, BofA, Citi, Fifth Third, MUFG, BNP, Goldman, RBC, Credit Agricole, Deutsche Bank, PNC.