Goodyear completes $650 million term loan

Newswire

CHICAGO, Feb 23 (Reuters) - Goodyear Tire & Rubber Co. said on Monday it has successfully completed a new $650 million secured term loan arranged by JPMorgan and Citigroup. The company plans to use about $335 million of the loan's proceeds to partially repay its existing $583 million U.S. term loan. Proceeds will also be used to repay other indebtedness and for general corporate purposes. Goodyear, the largest North American tiremaker, also said its principal lenders have approved ...

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