Goodyear Dunlop Tires Europe B.V. will redeem all of its outstanding €250 million aggregate principal amount of 6.75 per cent senior notes due 2019, reported parent company Goodyear Tire & Rubber today. The redemption will take place on 14 January 2016 at a price that is 103.375 per cent of the principal amount of the notes being redeemed, plus accrued and unpaid interest up to that date.
Goodyear Tire & Rubber subsidiary Goodyear Dunlop Tires Europe B.V. (GDTE) has priced a private offering of €250 million aggregate principal amount of senior notes due 2023. The notes will be offered by GDTE at a price of 100 per cent of their principal amount and will bear interest at a rate of 3.75 per cent per annum. Goodyear expects this offering to close on 15 December 2015, subject to customary closing conditions.
Goodyear Tire & Rubber has announced that its European subsidiary, Goodyear Dunlop Tires Europe B.V. (GDTE), is commencing a private offering of €250 million aggregate principal amount of senior notes due 2023. The notes will be senior unsecured obligations of GDTE and guaranteed on a senior unsecured basis by Goodyear and certain of its wholly-owned US and Canadian subsidiaries that also guarantee Goodyear’s obligations under certain of its senior secured credit facilities and senior unsecured notes.
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