US: Goodyear redeems US$350m in senior notes

Goodyear has announced it has completed its previously announced redemption of US$350m in senior notes due 2016. Following the successful mandatory convertible preferred stock offering in March 2011, Goodyear exercised its right to redeem US$350m of its outstanding 10.5% senior notes due 2016. The redemption price was 110.5% of the principal amount Subscribe to Automotive World … Continued

• By Webmaster
• May 31, 2011