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Goodyear used OTR business sale proceeds to pay down debt

Author: Chris Anthony Comments: 0

Just hours after Goodyear Tire & Rubber and Yokohama Rubber confirmed the completion of the sale of Goodyear OTR to the Japanese tyremaker for around $905 million, Goodyear detailed how the funds are being used. The largest part sees Goodyear pay-back $500 million of 9.5% interest-bearing bonds due this year.

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Related news:

  1. Goodyear completes sale of OTR tyre business to Yokohama
  2. Yokohama Rubber acquiring Goodyear OTR business
  3. Yokohama confirms interest in Goodyear OTR
  4. Yokohama consolidates OTR tyre businesses into Yokohama Off-Highway Tires
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