Issuer: | The Goodyear Tire & Rubber Company | |||
Rating: | B1/B+ | |||
Security: | 8.250% Senior Notes due 2020 (Reopening of $900,000,000 of 8.250% Senior Notes due 2020 issued on August 13, 2010) | |||
Maturity: | August 15, 2020 | |||
Face Amount: | $100,000,000 | |||
Gross Proceeds: | $100,750,000 | |||
Gross Spread: | 1.875% | |||
Net Proceeds exclusive of accrued interest (after deducting underwriting discounts and commissions but before offering expenses): | $98,875,000 | |||
Coupon: | 8.250% | |||
Offering Price: | 100.75% plus accrued interest from August 13, 2010 | |||
Yield: | 8.119% | |||
Trade Date: | August 20, 2010 | |||
Settlement Date: | August 25, 2010 (T+3) | |||
Interest Payment Dates: | February 15 and August 15, beginning February 15, 2011 | |||
Accrued Interest Payable to Issuer: | $275,000 accrued from August 13, 2010 to but excluding August 25, 2010 | |||
Record Dates: | February 1 and August 1 | |||
Optional Redemption:
|
On or after: | Price: | ||
August 15, 2015 | 104.125% | |||
August 15, 2016 | 102.750% | |||
August 15, 2017 | 101.375% | |||
August 15, 2018 and thereafter | 100.000% | |||
Make Whole: | Makewhole call @ T+50bps prior to August 15, 2015 | |||
Equity Clawback: | 35% at 108.25% until August 15, 2013 | |||
Spread to Treasury: | +558 bps | |||
Reference Treasury: | UST 3.50% due May 15, 2020 | |||
Underwriter: | Deutsche Bank Securities Inc. | |||
CUSIP/ISIN: | 382550 BB6 / US382550BB69 |
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