Goodyear Tire Extends Credit Facility Maturity to 2030

The latest update is out from GoodYear Tire ( (GT) ).

On May 19, 2025, Goodyear Tire & Rubber Company amended and restated its U.S. first lien revolving credit facility, extending its maturity from 2026 to 2030 while maintaining the interest rate at SOFR plus 125 basis points. This facility, which can be utilized for loans or letters of credit, allows for up to $800 million in letters of credit and $50 million in swingline loans, with the potential to increase by $250 million upon lender consent. The facility is secured by various assets, including U.S. and Canadian accounts receivable, inventory, and certain manufacturing facilities. The amendments aim to provide financial flexibility and stability, with covenants largely unchanged from the previous agreement, ensuring Goodyear’s continued operational capacity and market competitiveness.

The most recent analyst rating on (GT) stock is a Buy with a $12.00 price target. To see the full list of analyst forecasts on GoodYear Tire stock, see the GT Stock Forecast page.

Spark’s Take on GT Stock

According to Spark, TipRanks’ AI Analyst, GT is a Neutral.

GoodYear Tire’s overall stock score reflects a company with mixed financial performance, facing challenges with declining revenues and high leverage. However, technical indicators show positive momentum, and recent strategic initiatives, such as asset sales and board appointments, are promising. The valuation is fair but tempered by the absence of a dividend yield. Earnings call highlights and corporate events provide some optimism, yet the company must address core financial challenges to strengthen its position.

To see Spark’s full report on GT stock, click here.

More about GoodYear Tire

Goodyear Tire & Rubber Company operates in the tire manufacturing industry, focusing on the production and sale of tires for various vehicles, including automobiles, trucks, and aircraft. The company is a major player in the global tire market, with a significant presence in both the U.S. and international markets.

Average Trading Volume: 6,209,184

Technical Sentiment Signal: Hold

Current Market Cap: $3.08B

See more insights into GT stock on TipRanks’ Stock Analysis page.