Goodyear to offer $1 billion in senior notes

Akron, Ohio – Goodyear intends to raise about $1000 million by issuing three- and five-year senior loan notes to repay some maturing debts and also fund general expenses, including costs from the ongoing United Steelworkers strike.

Goodyear said the final value of the loan offering will be subject to market and other conditions. The notes will be senior unsecured obligations of the tyre maker.

Funds from the offering will be used to repay $515 million of existing notes due Dec. 1 and March 1. Remaining cash…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with