The Goodyear Tire & Rubber Company (NASDAQ: GT) announced it has commenced a public offering of $750 million in 6-year senior notes. The notes will be senior unsecured obligations of the company, with issuance subject to market and customary closing conditions.

Goodyear intends to use the net proceeds to repay, redeem or repurchase its outstanding 4.875% Senior Notes due March 15, 2027. As of March 31, 2026, $700 million in aggregate principal amount of the 4.875% Notes remained outstanding. Any remaining proceeds will be used for general corporate purposes.

The company plans to temporarily apply a portion of the net proceeds to repay outstanding balances under certain credit facilities while pending the repayment of the 4.875% Notes.

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 serving as joint book-running managers for the offering.

The offering will be conducted under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission on May 29, 2025. The offering may only be made through a prospectus supplement and accompanying prospectus.

Goodyear operates as one of the world's largest tire companies, employing approximately 63,000 people and manufacturing products in 49 facilities across 19 countries.