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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
COND
PRCD
GT
Goodyear Europe BV€400
1USOA
Sep 21, 2021
currency
EUR
size (m)
400.000
maturity
Aug 15, 2028
type
Fixed
tenor
7.000
call
3.00
registration
144A/Reg S
benchmark
-
ranking
Sr. Unsecured
moody's
Ba3
s&p
BB-
fitch
BB-
size description
-
re-open/tap
No
ipt
3.00%-3.25%
ipt-pxd
-
guidance
2.75-3.00%
spread
330
coupon
2.750%
spread set
-
price
100.00000
yield
2.750%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
passive leads
-
co-managers
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
left lead
active leads
joint leads
passive leads
-
co-managers
coordinating managers
-
Tranche Comments
Redemption: 2024-08-15; Registration: 144A/Reg S;
Deal Comments
09/21/2021 Goodyear Europe BV (GT) EUR400m (up from EUR300m) 144A/Reg S sr notes due 08/15/28 (7y). NC3 (MWC B+50bp), then at 101.375, 100.688, 100. Equity claw: 3y 35% at 102.75. Ba3/BB-/BB- (stable/stable/stable). Gtd by The Goodyear Tire & Rubber Co and certain of its wholly-owned subsidiaries. Via BNP/ (B&D)/Barc/CA/DB sr jt books/BofA/Citi/JPM/MUFG/UniCredit/WFS jt books, BBVA, Commerz, SMBC Nikko as co-managers. No reg rights. List Lux. NY law. Investment grade style covenant package. Settles 09/28. Reg S ISIN: XS2390510142. IPT: 3.00%-3.25%. Px talk: 2.75%-3.00%. Final size/price: EUR400m at 2.75%. Priced: 2.75% at 100. +330bp vs DBR 0.25% 08/15/28. Did investor call at 1pm UKT / 8am NYT yesterday, then 1x1s. Books closed at 2pm UKT 09/21. Reconfirms were due by 3pm UKT 09/21. UOP: redeem in full its EUR250m 3.75% sr notes due 12/15/23 (callable at 100), and GCP (EUR100m upsize for GCP). Biz: the European sub of The Goodyear Tire & Rubber Co, a global tire and rubber manufacturer. HQ: Akron, OH.

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