The Goodyear Tire & Rubber Company (GT), an Ohio-based tire manufacturer, Monday announced that its European arm, Goodyear Europe B.V. (GEBV), has commenced a private offering of 300 million euros aggregate principal amount of senior notes due 2028.
GEBV intends to use the net proceeds from this offering to redeem in full its 3.75 percent senior notes due 2023. Any remaining net proceeds will be used for GEBV's general corporate purposes, the company said in a statement.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.