Goodyear Europe reduces, extends credit facility

ERJ staff report (DS)

Akron -- Goodyear Europe has amendedd and re-stated its European revolving credit facility and closed an offering of €250 million in unsecured loan notes.

Changes to the European credit facility include the extension of the maturity to 2016 and the reduction of available commitments from €505 million to €400 million. Loans under the amended facility will bear interest at EURIBOR plus 250 basis points.

This is an external link and should open in a new window. If the window does not appear, please check your pop-up blocking software. ERJ is not responsible for the content of external sites.

Press release from Goodyear