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Goodyear plans €250 million senior notes due 2023 to refinance 6¾% notes due 2019
By Paul A. Harris
Portland, Ore., Dec. 7 – Goodyear Tire & Rubber Co. announced in a Monday press release that it intends to offer €250 million of senior notes due 2023 via Rule 144A and Regulation S.
The Akron, Ohio-based tire company intends to issue the notes via its European subsidiary, Goodyear Dunlop Tires Europe BV.
Proceeds, together with cash and cash equivalents, will be used to redeem in full €250 million of 6¾% senior notes due 2019.
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