AKRON, OHIO --
Goodyear Tire & Rubber Co. says it will seek commitments to add a $300 million third-lien secured term loan, adding that financing to the $3.35 billion in new loans it recently arranged.
The new loan would be due in March 2011, said Goodyear, and will be “secured equally with Goodyear's existing secured bonds due in 2011.” JPMorgan and Deutsche Bank Securities Inc. arranged the new $300 million loan.
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