Goodyear Plans to add $300 Million to New Financing

(Akron/Tire Review) Goodyear Tire & Rubber Co has announced that is proposes to add a $300 million third-lien secured term loan facility. The financing, due in March 2011, is in addition to new credit facilities of about $3.35 billion maturing in 2010. The $300 million financing, which is being arranged by JPMorgan and Deutsche Bank Securities, will be secured equally with existing secured bonds due in 2011 and is expected to close in April, the company said.