February 23, 2017 8:36 PM ET

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Company Overview of Goodyear Dunlop Tires Europe B.V.

Company Overview

Goodyear Dunlop Tires Europe B.V. manufactures and markets tires, engineered rubber products, and chemicals. The company is based in Amsterdam, the Netherlands. Goodyear Dunlop Tires Europe B.V. operates as a subsidiary of The Goodyear Tire & Rubber Company.

De Boelelaan 7

Amsterdam,  1083 HJ

Netherlands

Phone:

31 20 646 5996

Key Executives for Goodyear Dunlop Tires Europe B.V.

Vice President of Consumer Product Business Unit for Europe, Middle East and Africa
Age: 50
Vice President of Commercial Product Business Unit Emea
Compensation as of Fiscal Year 2016.

Goodyear Dunlop Tires Europe B.V. Key Developments

Goodyear Dunlop Tires Europe Prices Private Offering of EUR 250 Million European Notes

The Goodyear Tire & Rubber Company reported its European subsidiary, Goodyear Dunlop Tires Europe (GDTE), has priced a private offering of EUR 250 million aggregate principal amount of senior notes due 2023. The notes will be offered by GDTE at a price of 100% of their principal amount and will bear interest at a rate of 3.75% per annum. Goodyear expects this offering to close on December 15, subject to customary closing conditions. The notes will be senior unsecured obligations of GDTE and will be guaranteed on a senior unsecured basis by Goodyear and certain of its wholly-owned U.S. and Canadian subsidiaries that also guarantee Goodyear's obligations under certain of its senior secured credit facilities and senior unsecured notes. GDTE intends to use the net proceeds from this offering, together with its current cash and cash equivalents, to redeem in full EUR 250 million aggregate principal amount of its 6.75% senior notes due 2019.

Goodyear Dunlop Tires Europe B.V. to Redeem €250 Million in Senior Notes

Goodyear Dunlop Tires Europe B.V. announced that it will redeem all of its outstanding €250 million aggregate principal amount of 6.75% senior notes due 2019 on January 14, 2016. The redemption price will be 103.375% of the principal amount of the notes being redeemed, plus accrued and unpaid interest to January 14, 2016. Goodyear intends to use the net proceeds from GDTE's €250 million aggregate principal amount of senior notes due 2023, which closed December 15, 2015, together with its current cash and cash equivalents, to fund the redemption. The transactions will result in interest expense savings of approximately $8 million in 2016 and beyond.

Goodyear Dunlop Tires Europe B.V. Announces Pricing of €250 Million European Notes

The Goodyear Tire & Rubber Company announced that Goodyear Dunlop Tires Europe B.V. has priced a private offering of €250 million aggregate principal amount of senior notes due 2023. The notes will be offered by GDTE at a price of 100% of their principal amount and will bear interest at a rate of 3.75% per annum. Goodyear expects this offering to close on December 15, 2015, subject to customary closing conditions. The notes will be senior unsecured obligations of GDTE and will be guaranteed on a senior unsecured basis by Goodyear and certain of its wholly-owned U.S. and Canadian subsidiaries that also guarantee Goodyear's obligations under certain of its senior secured credit facilities and senior unsecured notes. GDTE intends to use the net proceeds from this offering, together with its current cash and cash equivalents, to redeem in full €250 million aggregate principal amount of its 6.75% senior notes due 2019. The notes are being offered in a private placement to qualified institutional investors in the United States in accordance with Rule 144A under the Securities Act of 1933, as amended, and to persons outside the United States in accordance with Regulation S under the Securities Act.

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Recent Private Companies Transactions

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Date
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No transactions available in the past 12 months.
 

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