secwatch.observer — SEC 8-K summary
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Issuer:     GOODYEAR TIRE & RUBBER CO /OH/ (GT)
CIK:        0000042582
Form:       8-K
Filed at:   2025-05-19T23:59:59+00:00
Accession:  0001193125-25-122484
Event type: debt
Sentiment:  neutral
Materiality: 0.45
Item codes: 2.03
LLM model:  deepseek-v4-flash:cloud@v2

Goodyear extends first lien revolver maturity to 2030; terms largely unchanged
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/42582/000119312525122484/0001193125-25-122484-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/42582/000119312525122484/d904878d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-122484

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