Goodyear to offer senior secured notes

Akron. Ohio–Goodyear plans to make an offering of about $400 million in senior secured notes to repay a $200 million loan due July 5 and replace $190 million of the amount it used to pay $516 million in Euro notes, which matured June 6.

Goodyear may use the $190 million it receives in cash to repay other debt obligations and for general corporate purposes, the company said. The senior unsecured notes are expected to mature in June 2015.

The notes will be offered in a private placement…

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