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$650 Million Loan For Goodyear

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Goodyear has announced the successful completion of a new $650 million secured term loan, arranged by JPMorgan and Citigroup. Around $335 million will be used to partialy repay the group’s existing 583 million U.S.

$ term loan. Robert W. Tieken, executive chief vice president and chief financial officer, said: “Goodyear is now positioned to move forward with our plan to refinance the loans we put in place last year and to drive the company’s turnaround.

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