Dealer Tire LLC, founded in 2000 and headquartered in Cleveland, Ohio, is a leading provider of tire and automotive service distribution in North America, primarily focusing on the needs of tire retailers and service centers. The company offers a comprehensive suite of products and services, including tire supply, inventory management solutions, and logistics services, ensuring efficient operations for its partners and enhancing customer satisfaction.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| DEATIR 8.00% 2028-02-01 USDDealer Tire LLC | United States | 2028-02-01 | 8.000 | 8.30 |
| DEATIR 8.00% 2028-02-01 USDDealer Tire LLC | United States | 2028-02-01 | 8.000 | 8.57 |
| DEATIR 8.00% 2028-02-01 USDDealer Tire LLC | United States | 2028-02-01 | 8.000 | 8.30 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Dealer Tire LLC began its bond issuance journey in 2015, capitalizing on favorable market conditions to raise capital for expansion efforts and operational enhancements. Notably, their 2020 bond issuance of $300 million was aimed at refinancing existing debt and investing in strategic initiatives, a move that significantly improved their financial flexibility. As of late 2023, their bonds yield around 5.5%, slightly above the industry average, reflecting the company's solid credit rating and growth prospects. The bonds feature call provisions, allowing Dealer Tire to redeem them early, which can optimize interest expenses based on future rate movements.