Debica lends Goodyear £18 million at nearly 8%

The management board of Firma Oponiarska Dębica S.A. concluded a loan agreement with Goodyear S.A., Colmar-Berg, Luxembourg on 20 December 2022, under which Debica will grant Goodyear a loan worth 100 million Polish Zloty (£18.333 million; 21.338 million euros; US$27.676 million). The loan repayment date has been set at 19 December 2023.

The interest rate amount to 7.88 per cent per annum. The loan agreement provides for both Goodyear’s right to early repayment and Debica’s right to demand early repayment. The repayment of the loan is secured by the guarantee of The Goodyear Tire & Rubber Company registered office in Akron, Ohio, USA, the indirect parent of the Company.

Earlier this week, we published an inaccurate version of this news which incorrectly identified the lender and borrower. The Editorial Team of Tyres & Accessories/Tyrepress are pleased to correct this automatic translation error.