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

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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsFinancingConsumer DiscretionaryTires & Rubber
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!