Jun. 2 at 2:21 PM
$SPY Goodyear needs some 'AI' to cover its debts.....
GOODYEAR TIRE
$GT
to attempt to issue
$700 million of unsecured debt at BB-, needed to repay the same amount due on a bond maturing in months.
Good year has
$700 million cash on its balance sheet, and could be looking at selling what’s left of its assets if the bond sale fails.
Good year has
$3.9 billion outstanding notes and is operating at 4.1x leverage.
