Goodyear Tire & Rubber Company Announces $500 Million Senior Notes Offering to Redeem 2026 Notes

Reuters
03 Jun
Goodyear Tire & Rubber Company Announces $500 Million Senior Notes Offering to Redeem 2026 Notes

The Goodyear Tire & Rubber Company has announced the pricing of $500 million in senior notes, which are set to bear an interest rate of 6.625% per annum. The notes, expected to close on June 3, 2025, will be used to redeem in full the company's remaining 5.000% Senior Notes due 2026. This strategic financial move allows Goodyear to manage its debt obligations effectively, utilizing a portion of the proceeds from the recent disposition of the Dunlop brand.

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