Goodyear Announces Offering of Senior Notes

Goodyear (NASDAQ:GT) launched a public offering of $750 million aggregate principal amount of 6-year senior unsecured notes.

Rhea-AI Summary

Goodyear (NASDAQ:GT) launched a public offering of $750 million aggregate principal amount of 6-year senior unsecured notes. Issuance is subject to market and customary closing conditions.

Net proceeds are intended mainly to repay, redeem or repurchase outstanding 4.875% Senior Notes due March 15, 2027, with $700 million outstanding as of March 31, 2026, and for general corporate purposes.

Positive

• Plans to issue $750 million of 6-year senior unsecured notes
• Intends to address $700 million of 4.875% Senior Notes due 2027
• Potentially extends debt maturity profile by replacing 2027 notes
• Ability to temporarily reduce balances under certain credit facilities

Negative

• Gross debt may temporarily remain elevated until 4.875% Notes are repaid or redeemed
• Offering remains subject to market conditions and customary closing requirements
• Any remaining proceeds after refinancing are only designated for general corporate purposes, with no specified growth projects

Argus Jun 1 session

-2.30% close to close Open Argus

Details

News Market Reaction – GT

On Jun 1, the day this news came out, GT closed 2.30% below the previous close.

Data tracked by StockTitan Argus for the Jun 1 session.

Key Figures

New notes size: $750 million New notes tenor: 6 years Legacy coupon: 4.875% +3 more

New notes size

$750 million

Aggregate principal amount of 6-year senior notes in current offering

New notes tenor

6 years

Maturity of newly announced senior notes

Legacy coupon

4.875%

Coupon on existing Senior Notes due 2027 targeted for repayment

Legacy notes balance

$700 million

Aggregate principal amount of 4.875% Notes outstanding as of Mar 31, 2026

Legacy maturity date

March 15, 2027

Maturity of the 4.875% Senior Notes being repaid, redeemed or repurchased

Prior filing date

May 29, 2025

Date of SEC registration statement referenced for this notes offering

Previous Offering Reports

1 past event · Latest: May 29

Same Type 1 event

1. May 29

   Debt offering

   24h Move

   -1.0%

   Announced $500M 5-year senior notes to redeem 2026 notes.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

senior notes, senior unsecured obligations, credit facilities, prospectus supplement

4 terms

senior notes financial

"public offering of $750 million aggregate principal amount of 6-year senior notes"

Senior notes are a type of loan that a company borrows from investors, promising to pay it back with interest. They are called "senior" because in case the company faces financial trouble, these lenders are paid back before others. This makes senior notes safer for investors compared to other types of loans or bonds.

senior unsecured obligations financial

"The notes will be senior unsecured obligations of the company."

Senior unsecured obligations are loans or bonds that a company promises to pay back with its own money, but without any special guarantees or collateral. If the company runs into financial trouble, these debts are paid after other debts with priority, meaning they are less protected but still important. They matter because they show how risky it is to lend money to a company.

credit facilities financial

"temporarily apply a portion of the net proceeds from this offering to repay outstanding balances under certain credit facilities."

Credit facilities are arrangements with banks or lenders that let a company borrow money up to an agreed limit when it needs cash, similar to a business credit card or a home line of credit. They matter to investors because they show how a company manages short‑ and medium‑term financing needs, affect liquidity and debt levels, and can influence costs and risks if borrowing terms change or covenants are breached.

prospectus supplement regulatory

"The offering of the notes may be made only by means of a prospectus supplement and accompanying prospectus"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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AKRON, Ohio, June 1, 2026 /PRNewswire/ -- The Goodyear Tire & Rubber Company (NASDAQ: GT) ("Goodyear" or the "company") today announced that it has commenced a public offering of $750 million aggregate principal amount of 6-year senior notes (the "notes"). The notes will be senior unsecured obligations of the company. Issuance and sale of the notes is subject to market and other customary closing conditions.

Goodyear intends to use the net proceeds from this offering to repay, redeem or repurchase its outstanding 4.875% Senior Notes due 2027 (the "4.875% Notes") at or prior to their maturity on March 15, 2027. Any remaining net proceeds will be used for general corporate purposes. As of March 31, 2026, there was $700 million in aggregate principal amount of the 4.875% Notes outstanding. Pending the repayment, redemption or repurchase of the 4.875% Notes, Goodyear intends to temporarily apply a portion of the net proceeds from this offering to repay outstanding balances under certain credit facilities.

J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc., Fifth Third Securities, Inc., MUFG Securities Americas Inc., BNP Paribas Securities Corp., Goldman Sachs & Co. LLC, RBC Capital Markets, LLC, Credit Agricole Securities (USA) Inc., Deutsche Bank Securities Inc. and PNC Capital Markets LLC are acting as the joint book-running managers, and Capital One Securities, Inc., CIBC Capital Markets, Santander US Capital Markets LLC, Citizens JMP Securities, LLC, HSBC Securities (USA) Inc., Huntington Securities, Inc., KeyBanc Capital Markets Inc., U.S. Bancorp Investments, Inc., Regions Securities LLC and Standard Chartered Bank are acting as the co-managers for the offering.

The offering will be made under an effective shelf registration statement that was filed with the U.S. Securities and Exchange Commission on May 29, 2025. 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:

J.P. Morgan Securities LLC	The Goodyear Tire & Rubber Company
Attn: J.P. Morgan Syndicate Desk	Investor Relations Department
270 Park Avenue	200 Innovation Way
New York, New York 10017	Akron, OH 44316
Telephone:1-212-834-4533	Telephone: 330-796-3751

This news release shall not constitute a notice of redemption with respect to the 4.875% Notes. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

About The Goodyear Tire & Rubber Company
Goodyear is one of the world's largest tire companies. It employs about 63,000 people and manufactures its products in 49 facilities in 19 countries around the world. Its two Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg, strive to develop state-of-the-art products and services that set the technology and performance standard for the industry.

Certain information contained in this news release constitutes forward-looking statements for purposes of the safe harbor provisions of The Private Securities Litigation Reform Act of 1995. There are a variety of factors, many of which are beyond our control, that affect our operations, performance, business strategy and results and could cause our actual results and experience to differ materially from the assumptions, expectations and objectives expressed in any forward-looking statements. These factors include, but are not limited to: our ability to implement successfully our strategic initiatives; our ongoing obligations to the purchasers of our off-the-road tire business, the Dunlop brand and our polymer chemicals business; actions and initiatives taken by both current and potential competitors; increases in the prices paid for raw materials and energy; inflationary cost pressures; changes in tariffs, trade agreements or trade restrictions; uncertainty regarding the timing and amount of any IEEPA tariff refund; delays or disruptions in our supply chain or the provision of services to us; a prolonged economic downturn or period of economic uncertainty; deteriorating economic conditions or an inability to access capital markets; a labor strike, work stoppage, labor shortage or other similar event; financial difficulties, work stoppages, labor shortages or supply disruptions at our suppliers or customers; the adequacy of our capital expenditures; foreign currency translation and transaction risks; our failure to comply with a material covenant in our debt obligations; potential adverse consequences of litigation involving the company; economic and supply disruptions associated with events beyond our control, such as war, including the current conflicts between Russia and Ukraine and in the Middle East; as well as the effects of more general factors such as changes in general market, economic or political conditions or in legislation, regulation or public policy. Additional factors are discussed in our filings with the Securities and Exchange Commission, including our annual report on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. In addition, any forward-looking statements represent our estimates only as of today and should not be relied upon as representing our estimates as of any subsequent date. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so, even if our estimates change.

MEDIA CONTACT: KELLY MCGLUMPHY KELLY_MCGLUMPHY@GOODYEAR.COM

INVESTOR RELATIONS CONTACT:  RYAN REED RYAN_REED@GOODYEAR.COM

View original content to download multimedia:https://www.prnewswire.com/news-releases/goodyear-announces-offering-of-senior-notes-302787034.html

SOURCE The Goodyear Tire & Rubber Company

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is Goodyear (NASDAQ:GT) announcing in its June 1, 2026 senior notes offering?

Goodyear announced a public offering of $750 million aggregate principal amount of 6-year senior unsecured notes. According to Goodyear, the transaction is subject to market and customary closing conditions and will be issued under an effective shelf registration statement filed on May 29, 2025.

How will Goodyear use the proceeds from the $750 million senior notes (GT)?

Goodyear intends to use net proceeds primarily to repay, redeem or repurchase its 4.875% Senior Notes due 2027. According to Goodyear, any remaining funds will support general corporate purposes, with a portion temporarily used to repay balances under certain credit facilities.

What impact will the new senior notes have on Goodyear's 4.875% Notes due 2027 (GT)?

Goodyear plans to repay, redeem or repurchase its outstanding 4.875% Senior Notes due March 15, 2027 using proceeds from the new issue. According to Goodyear, $700 million principal of these 4.875% Notes was outstanding as of March 31, 2026.

Is Goodyear's June 2026 capital raise a stock or bond offering for GT investors?

The June 2026 transaction is a bond offering of 6-year senior unsecured notes, not a stock issuance. According to Goodyear, the securities are senior notes offered publicly under an effective shelf registration, leaving existing equity ownership structurally unchanged by this transaction.

When was the shelf registration for Goodyear's June 2026 senior notes filed with the SEC?

The effective shelf registration statement supporting the June 2026 senior notes offering was filed on May 29, 2025. According to Goodyear, the notes may be offered only by means of a prospectus supplement and accompanying prospectus under this registration framework.

What are the key terms and security status of Goodyear's new senior notes (GT)?

The new securities are 6-year senior unsecured notes with a total planned principal of $750 million. According to Goodyear, these notes will be senior obligations of the company, ranking ahead of subordinated debt but without specific collateral pledged.

Does Goodyear’s senior notes offering constitute a redemption notice or general securities offer?

The announcement is not a redemption notice for the 4.875% Notes and is not a general securities offer. According to Goodyear, any sale will occur only where lawfully registered or qualified and through a prospectus supplement and accompanying prospectus.