Goodyear Tire & Rubber Co., founded in 1898 and headquartered in Akron, Ohio, is a global leader in tire manufacturing and rubber products, dedicated to innovation and quality. The company offers a wide range of products, including tires for automobiles, commercial vehicles, and aviation, along with various rubber-related products and services.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Goodyear first issued bonds in 1927, establishing a long history of debt financing to support its operations and expansion strategies. Notably, the company issued $1 billion in bonds in 2020 to strengthen its balance sheet amidst the COVID-19 pandemic, reflecting a strategic response to market challenges. Currently, Goodyear's bond yields are competitive within the automotive sector, with features such as call options and convertible provisions in certain issuances, which appeal to investors seeking flexibility and potential upside.