Goodyear Announces Redemption of $350 Million in Senior Notes (GT)

by Theo Kratz, Benzinga Staff Writer
April 27, 2011 9:15 AM | 14 seconds read |
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The Goodyear Tire & Rubber Company
GT
has called $350 million of its outstanding 10.500% senior notes due 2016 for redemption on May 27, 2011.  Goodyear intends to use net proceeds from its recent mandatory convertible preferred stock offering to fund the redemption.
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