Goodyear Announces Results of Exchange Offer and Related Consent Solicitation

The Goodyear Tire & Rubber Company today announced the results of its offer to exchange any and all of its $650 million in aggregate principal amount of 7.857% notes due in 2011 (“old notes”) for a new series of 8.75% notes due in 2020 (“new notes”) and its solicitation of consents from holders of the old notes to certain proposed amendments to the terms of the indenture that governs the old notes.


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