Goodyear arranges $3650 million in new credit facilities

New York--Goodyear Tire and Rubber has secured $3650 million in new credit facilities, replacing its former debt facilties. Richard Kramer, the company's chief financial officer. was reported as saying, "This refinancing addresses the majority of our maturities through 2009 and provides cost-effective financing."

In a statement, the company gave details of the loan arrangements and repayment periods.

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Press release from Goodyear