Goodyear Set to Redeem Older Notes

Published: August 31, 2010

Fresh from issuing $1 billion in new senior notes, Goodyear Tire & Rubber Co. now wants to redeem some of its older loans.

The tiremaker has called all of its outstanding senior notes due in 2011 and 2015 for redemption on Sept. 29, using the net proceeds from its $1 billion issuance of 8.25% senior notes due 2020 to fund these redemptions.

The notes called for redemption are $388 million in principal amount of 7.857% senior notes due Aug. 15, 2011, $325 million in principal amount of 8.625% senior notes due Dec. 1, 2011, and $260 million in principal amount of 9% senior notes due July 1, 2015.

Cosmo Tires to include 40,000-70,000 mileage warranty on all PLT tires

Cosmo will continue its portfolio expansion later this year when it launches its new Gripit X/T, Rockit R/T, and Cosmo Kurrent.

By Christian Hinton

Published: April 22, 2024

Cosmo Tires, distributed by Tire Group International, has introduced changes to its mileage warranty and road-hazard programs which will now feature a mileage warranty of 40,000-70,000 miles for all passenger and light truck tires offered.

“Our products are over-built and tested on the most rigorous tracks and terrains around the globe and this reflects our investments in manufacturing and quality. Now, all passenger and light truck tires carry Cosmo’s road hazard and mileage warranty ranging from 40,000-70,000 miles," said Dominick Montouri, chief strategy officer of Tire Group International, said.