Goodyear €550 million European revolving loan refinancing

Overview:

• The European arm of Goodyear refinanced €550 million in revolving credit facilities. 
• Amending an agreement signed in 2011, the new facility the tyre manufacturer negotiated increases the loan by €150 million and extends the maturity to 2020.
• The security package for the loans relates to Goodyear's business in 22 jurisdictions.
• Details of the lenders and the bank's external counsel are confidential.

Ben Naylor - Regional editor