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Published on 5/10/2016 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Goodyear Tire to call $900 million 6½% notes due 2021

By Susanna Moon

Chicago, May 10 – Goodyear Tire & Rubber Co. said it plans to redeem its $900 million principal amount of 6½% senior notes due 2021.

Goodyear will fund the redemption using the proceeds of an offering of $900 million principal amount of 10-year senior notes, according to a company announcement.

The issuer is a tire company based in Akron, Ohio.


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