Loan & DebtJun 4, 2026, 08:32 AM
Goodyear Prices $1.05B Senior Notes Due 2032 at 8.875%
AI Summary
Goodyear announced the pricing of $1.05 billion aggregate principal amount of 8.875% Senior Notes due 2032. The offering is expected to close on June 4, 2026. The company intends to use the net proceeds primarily to repay its outstanding 4.875% Senior Notes due 2027 and 7.625% Senior Notes due 2027, with any remainder for general corporate purposes.
Key Highlights
- Goodyear priced $1.05 billion aggregate principal amount of Senior Notes.
- The notes bear an interest rate of 8.875% per annum and mature on July 15, 2032.
- The offering is expected to close on June 4, 2026.
- Proceeds will repay $700 million of 4.875% Senior Notes due 2027.
- Proceeds will also repay $117 million of 7.625% Senior Notes due 2027.
- The notes are senior unsecured obligations, guaranteed by U.S. and Canadian subsidiaries.
Price Impact
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