Goodyear Tire & Rubber Co. has commenced a public offering of $750 million aggregate principal amount of eight-year senior notes as of Feb. 20, 2013. The notes will be senior unsecured obligations of the company and are subject to market and other customary conditions.
Goodyear says it intends to use the net proceeds from this offering to fund discretionary contributions to its frozen U.S. pension plans and, to the extent not used for such purpose, for "general corporate purposes."
Goldman, Sachs & Co., Barclays Capital Inc., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., Deutsche Bank Securities Inc., J.P. Morgan Securities LLC and Morgan Stanley & Co. LLC are acting as the joint book-running managers for the offering.
The offering will be made under a shelf registration statement that was filed with the United States Securities and Exchange Commission and became automatically effective on Aug. 10, 2010.
The offering of the notes may be made only by means of a prospectus supplement and accompanying prospectus, copies of which may be obtained from either Goldman, Sachs & Co., Prospectus Department, 200 West St., New York, NY 10282, tel. (866) 471-2526 or email [email protected]; or Goodyear Tire & Rubber Co., Investor Relations Department, 1144 E. Market St., Akron, OH 44316, tel. (330) 796-3751.
