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

Reuters
06-03
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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. The Goodyear Tire & Rubber Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-25-133852), on June 03, 2025, and is solely responsible for the information contained therein.

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