Moody's Rates Goodyear's Notes Ba3
$700 million of Rated Debt Affected. New York, March 02, 2017-- Moody's Investors Service assigned a Ba3 rating to the proposed $700 million issuance of senior unsecured notes by The Goodyear Tire& Rubber Company. The net proceeds from the notes, together with current cash and cash equivalents, are expected to be used to redeem in full the 7.0% $700 million of senior unsecured notes due 2022 at a redemption price equal to 103.5% of the principal amount thereof, plus accrued and unpaid...
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