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Goodyear to launch $1.2 billion second-lien term loan on Tuesday
By Sara Rosenberg
New York, March 22 - Goodyear Tire & Rubber Co. is scheduled to hold a bank meeting at 10:30 a.m. ET on Tuesday to launch a proposed $1.2 billion senior secured second-lien term loan, according to sources.
J.P. Morgan Securities LLC, Deutsche Bank Securities Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., Credit Agricole Securities (USA) Inc., Goldman Sachs & Co. and Wells Fargo Securities LLC are the lead banks on the deal.
Proceeds will be used to refinance an existing second-lien term loan.
Goodyear is an Akron, Ohio-based tire company.
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