10:02 AM EDT, 05/29/2025 (MT Newswires) -- Goodyear Tire & Rubber Co. ( GT ) said Thursday it has started a public offering of $500 million of five-year senior notes.

Goodyear said it will use the net proceeds from the offering, together with cash and cash equivalents, to redeem its remaining 5% senior notes due 2026.

Currently, $900 million of the 2026 notes are outstanding. The company said it has issued a redemption notice to holders of the 2026 notes for $400 million, which it plans to fund using part of the cash proceeds from the Dunlop brand disposition.

The date for the redemption of the $400 million of 2026 notes is June 30, Goodyear said.

Price: 11.38, Change: -0.17, Percent Change: -1.48