Goodyear Tire Announces $500 Million Senior Notes Pricing

GoodYear Tire ( (GT) ) has issued an update.

On May 29, 2025, Goodyear Tire & Rubber Company announced the pricing of its $500 million senior notes, which are due in 2030 and bear an interest rate of 6.625%. The proceeds from this offering, along with existing cash reserves, will be used to redeem the company’s remaining $500 million 5% Senior Notes due 2026, with the redemption set for July 3, 2025. This financial maneuver is part of Goodyear’s strategic efforts to manage its debt obligations effectively, potentially impacting its financial stability and market positioning.

The most recent analyst rating on (GT) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on GoodYear Tire stock, see the GT Stock Forecast page.

Spark’s Take on GT Stock

According to Spark, TipRanks’ AI Analyst, GT is a Neutral.

Goodyear Tire’s overall stock score reflects a company with mixed financial performance, facing challenges with declining revenues and high leverage. However, technical indicators show positive momentum, and recent strategic initiatives, such as asset sales and board appointments, are promising. The valuation is fair but tempered by the absence of a dividend yield. Earnings call highlights and corporate events provide some optimism, yet the company must address core financial challenges to strengthen its position.

To see Spark’s full report on GT stock, click here.

More about GoodYear Tire

Goodyear Tire & Rubber Company is one of the world’s largest tire manufacturers, employing approximately 68,000 people and operating 53 facilities across 20 countries. The company focuses on developing advanced tire products and services through its Innovation Centers in Akron, Ohio, and Colmar-Berg, Luxembourg.

Average Trading Volume: 6,291,442

Technical Sentiment Signal: Buy

Current Market Cap: $3.2B

See more insights into GT stock on TipRanks’ Stock Analysis page.