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Goodyear Files $350M Bond Offer

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(Akron/Tire Review) According to CBS MarketWatch, Goodyear Tire & Rubber Company late Monday filed to raise $350 million in a convertible bond offering. The offer consists of 4 per cent convertible senior notes due in 2034 and shares of common stock issuable upon conversion of senior notes. Goodyear said proceeds of the deal will go to selling stockholders including the Calamos Growth & Income Fund, Citigroup and Aristeia International Limited.

Related news:

  1. Goodyear seeks another extension
  2. Goodyear Offers Convertible Notes
  3. Analyst Reduces Earnings Estimates for Goodyear
  4. Goodyear Announces Conversion Period for Convertible Notes
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