Goodyear looking to add $300 million term loan

From Rubber & Plastics News

Akron, Ohio-Goodyear said it intends to commence a syndication being arranged by JP Morgan Chase & Co. Inc. and Citigroup Inc. for the addition of a $300-million term loan to be used for general corporate purposes. The new loan would be in addition to the firm’s existing $1.3 billion asset-based credit facility.

Goodyear also said it will talk with the lenders under its senior secured credit facilities to amend those agreements to allow for future capital markets transactions.

The moves are intended to…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with