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You are here: Home1 / News2 / Company News3 / Goodyear announces US$600 million refinancing

Goodyear announces US$600 million refinancing

Date: 19th May 2020 Author: Chris Anthony Comments: 0

The Goodyear Tire & Rubber Company refinancing itself with $600 million of 5-year senior notes. According to the company, the notes will be senior unsecured obligations of the company. Goodyear intends to use the net proceeds for “general corporate purposes, which may include repaying or redeeming the company’s outstanding 8.75% Notes due 2020…at or prior to their maturity of August 15, 2020”. Currently, there is approximately $282 million in aggregate
principal amount of the 2020 Notes outstanding.

Related news:

  1. End of the road for Goodyear’s Amiens-Nord plant?
  2. Goodyear aiming for US$3 billion in operating income by 2020
  3. Goodyear share price picks up, hedge funds back Goodyear
  4. Goodyear shares fall 12% after trading update
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