US EditionGoodyear Announces Pricing Of $500 Million Of Senior Notes
- On May 29, 2025, Goodyear announced from Akron, Ohio, that it priced a public offering of $500 million senior notes due in five years.
- Goodyear plans to apply the proceeds from the offering, along with existing cash reserves, to fully redeem all outstanding 5.000% senior notes maturing in 2026, which total $900 million, including a $400 million partial redemption scheduled for June 30, 2025.
- The new senior notes will bear interest at 6.625% per annum, be offered at 100% of principal, and remain subject to customary closing conditions expected by June 3, 2025.
- Goodyear ranks among the leading tire manufacturers globally, with a workforce of approximately 68,000 employees and production operations spanning 53 sites in 20 countries. The company’s innovation efforts are centered at facilities located in Akron, Ohio, and Colmar-Berg, Luxembourg.
- Forward-Looking statements about risks and uncertainties emphasize that actual results could differ materially due to various operational, economic, and regulatory factors detailed in Goodyear's SEC filings.
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Goodyear Announces Pricing Of $500 Million Of Senior Notes
AKRON, Ohio, May 29, 2025 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) ("Goodyear" or the "company") today announced that it has priced its offering of $500 million aggregate principal amount of 5-year senior notes (the "notes"). The…
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