Goodyear holds virtual annual meeting; elects directors

Goodyear announced the election of 13 members to the Board of Directors for new one-year terms at the company’s virtual annual shareholder meeting today.In addition, shareholders voted in favor of an advisory resolution approving the compensation of its named executive officers and voted to ratify the appointment of PricewaterhouseCoopers LLP as the company’s independent registered public accounting firm for 2021. A shareholder proposal was not approved.

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Goodyear announces offering of senior notes

Goodyear Tire & Rubber Company announced that it has commenced a public offering of $1 billion aggregate principal amount of 10- and 12-year senior 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, together with its current cash and cash equivalents, to redeem in full its outstanding $1 billion 5.125% senior notes due 2023 following, and subject to, the completion of this offering, at a redemption price equal to par plus accrued and unpaid interest to the redemption date.

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