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Goodyear Tire & Rubber launches new senior note offering

May 10, 2016 9:46 AM ETThe Goodyear Tire & Rubber Company (GT) StockBy: Clark Schultz, SA News Editor
  • Goodyear Tire & Rubber (NASDAQ:GT +1.3%) announces it launched a public offering of $900M in senior notes.
  • The company plans to use the proceeds to pay off in full a different issue at a higher coupon rate.
  • Goodyear reported an interest expense of $91M in Q1.

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