Goodyear prices $1.05B senior notes at 8.875% to refinance debt maturing in 2027

Goodyear has priced $1.05 billion in senior notes due 2032 with an 8.875% interest rate, aiming to repay $817 million of its senior notes maturing in 2027. The offering is expected to close on June 4, 2026, and any remaining proceeds will support general corporate purposes. This refinancing helps Goodyear manage its debt profile and potentially reduce interest costs. The company also plans to temporarily use proceeds to repay other credit facilities before the 2027 notes mature.