Goodyear Tire selling $750 million drive-by notes due 2021 Wednesday

By Paul A. Harris and Aleesia Forni

Columbus, Ohio, Feb. 20 - Goodyear Tire & Rubber Co. is selling $750 million senior notes due 2021 in Wednesday's market, according to a market source.

An investor call took place at 10:30 a.m. ET.

Goldman Sachs & Co., Barclays, Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are the joint bookrunners.

The Securities and Exchange Commission-registered notes will be non-callable for three years, and proceeds will be used for general corporate purposes, including contributions to pension plans.

Goodyear is an Akron, Ohio-based tire company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.