GOODYEAR TIRE & RUBBER CO /OH/ (GT): debt financing — Goodyear extends first lien revolver maturity to 2030; terms largely unchanged

GOODYEAR TIRE & RUBBER CO /OH/

Maturity extended from 2026 to 2030; $2.75B facility with SOFR+125bps base rate.
Covenants substantially unchanged; borrowing base includes receivables, inventory, trademarks, equipment, cash.
Liquidity-based pricing grid: rate steps to SOFR+150bps if available cash+availability <25% of commitments.
JPMorgan remains administrative agent; facility guaranteed by U.S. and Canadian subsidiaries.
Company may request up to $250M increase with lender consent.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

GOODYEAR TIRE & RUBBER CO /OH/ amended revolving credit of Up to $800 million in letters of credit with JPMorgan Chase Bank, N.A. at SOFR plus 125 basis points maturing extended from 2026 to 2030.

Instrument: revolving credit
Principal: Up to $800 million in letters of credit
Counterparty: JPMorgan Chase Bank, N.A.
Rate: SOFR plus 125 basis points
Maturity: extended from 2026 to 2030
Event: amendment

Exact text from the filing

as described in greater detail below. The Company’s amended and restated first lien revolving credit facility is available in the form of loans or letters of credit. Up to $800 million in letters of credit and $50 million of swingline loans are available for issuance under the facility. Subject to the consent of the lenders whose commitments are to be

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Source: SEC EDGAR

accession 0001193125-25-122484

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