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Goodyear Tires Raises $1.45 Billion; Upgraded To BB- By S&P

by bondevalue | May 14, 2021 | Investment Grade Bonds

Goodyear Tire & Rubbers Co. raised $1.45bn via a two-trancher. It raised $850mn via an 8Y bond at a yield of 5%, ~12.5bp inside initial guidance of 5%-5.25% area. It also raised $600mn via a 10Y bond at a yield of 5.25%, ~12.5bp inside initial guidance of...

Goodyear Tires Raises $1.45 Billion; Upgraded To BB- By S&P

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