The Goodyear Tire & Rubber Company today announced that it has commenced a public offering of $750 million aggregate principal amount of 8-year senior notes, subject to market and other customary conditions. The notes will be senior unsecured obligations of the company.
Goodyear 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 U.S. Securities and Exchange Commission and became automatically effective on August 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:
Goldman, Sachs & Co.
Prospectus Department
New York, NY 10282
telephone: 866-471-2526
email: Prospectus-ny@gs.com
The Goodyear Tire & Rubber Company\
Investor Relations Department
1144 E. Market St.
Akron, OH 44316
telephone: 330-796-3751
