Issuer: |
The Goodyear Tire & Rubber Company | |||
Ratings: |
B1/B+ | |||
Security: |
10.500% Senior Notes due 2016 | |||
Maturity: |
May 15, 2016 | |||
Face Amount: |
$1,000,000,000 | |||
Gross Proceeds: |
$958,460,000 | |||
Gross Spread: |
1.875% | |||
Net Proceeds (after deducting underwriting discounts and commissions but before offering expenses): |
$939,710,000 | |||
Coupon: |
10.500% | |||
Offering Price: |
95.846% | |||
Yield: |
11.375% | |||
Trade Date: |
May 6, 2009 | |||
Settlement Date: |
May 11, 2009 (T+3) | |||
Interest Payment Dates: |
May 15 and November 15 beginning November 15, 2009 |
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Record Dates: |
May 1 and November 1 | |||
Optional Redemption: |
On or after: | Price: | ||
May 15, 2012 May 15, 2013 May 15, 2014 May 15, 2015 and thereafter |
107.875% 105.250% 102.625% 100.000% |
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Make Whole: |
Makewhole call @ T+50bps prior to May 15, 2012 | |||
Equity Clawback: |
35% at 110.500% until May 15, 2012 | |||
Spread to Treasury: |
+877 bps | |||
Reference Treasury: |
UST 5.125% due May 15, 2016 | |||
Joint Book-Running Managers: |
J.P. Morgan Securities Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Goldman, Sachs & Co. |
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Co-Managers: |
BNP Paribas Securities Corp., Calyon Securities (USA) Inc., HSBC Securities (USA) Inc., Morgan Stanley & Co. Incorporated and Natixis Bleichroeder Inc. |
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CUSIP/ISIN: |
382550AZ4/US382550AZ47 |