Goodyear Gets Loan Extension

Goodyear Tire & Rubber has announced that the company has been granted an extension on its loan agreements. The waivers were due to expire on March 7, but the extension is until April 4. Goodyear has secured agreement from JPMorgan and Citigroup to underwrite a new, three-year, $1.

3 billion asset-based credit facility and this, says Robert W. Tieken, Goodyear’s executive vice president and chief financial officer, “provides additional liquidity that offers financial and operational flexibility for our businesses.”.