Goodyear Amends European Credit Facility, Closes Notes Offering

The Goodyear Tire & Rubber Company GT today announced that it has amended and restated its European revolving credit facility and closed an offering of euro 250 million aggregate principal amount of senior notes due in 2019 by its European subsidiary, Goodyear Dunlop Tires Europe B.V. (GDTE). Changes to the European credit facility include the extension of the maturity to 2016 and the reduction of available commitments from euro 505 million to euro 400 million. Loans under the amended facility will bear interest at EURIBOR plus 250 basis points.