M&A - COOPER TIRE & RUBBER CO

Form Type: 424B5

Filing Date: 2025-05-29

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525130212

Filing Summary: On May 29, 2025, The Goodyear Tire & Rubber Company filed a preliminary prospectus supplement for the offering of $500 million in Senior Notes due 2030. The Notes will mature on July 15, 2030, with interest payable semiannually. This filing is part of ongoing efforts to manage institutional offerings and does not signify the initiation of an acquisition or merger involving Cooper Tire & Rubber Co., but rather highlights Goodyear’s activities in financial markets. Recently, Goodyear has completed the sale of its Dunlop brand and OTR tire business, indicating a shift towards focusing on core operations and managing debt. The filing also anticipates closing the sale of its polymer chemicals business expected in late 2025, pending regulatory approvals. These strategic moves, including a concurrent partial redemption of debts funded by previous brand sales, reflect Goodyear’s ongoing restructuring approach to strengthen its financial position.