Goodyear sells $650 million private notes-sources

Newswire

NEW YORK, Feb 27 (Reuters) - Goodyear Tire & Rubber Co. privately sold $650 million of senior notes in a two-part sale, market sources said on Friday. The deal included $450 million of seven year fixed-rate notes which had a coupon of 11 percent, and were priced at 99.413 cents on the dollar to yield 11.125 percent. The deal also included $200 million of seven-year floating-rate notes, which were priced at six-month London interbank offered rate plus 8 percentage points. Both parts ...

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