
Cooper Tire & Rubber Co., founded in 1914 and headquartered in Findlay, Ohio, is a global manufacturer and supplier of tires aimed at enhancing vehicle performance and safety. The company produces a wide range of tires for passenger cars, light trucks, motorcycles, and commercial vehicles, as well as offering related services and products.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Cooper Tire began issuing bonds in the early 2000s, with notable issuances in 2013 and 2016 aimed at refinancing existing debt and funding strategic initiatives. Their most recent bond offering, valued at $300 million with a yield of 4.75%, is competitive within the industry, reflecting investors' confidence despite market fluctuations. The company also introduced unique features in its latest bonds, such as call options to enhance flexibility for investors, amidst a backdrop of increasing demand for sustainable tire solutions and innovation in production methods.