Business
Silver Point Leads Financing of Acquisition of Goodyear Chemical by Gemspring Capital
Silver Point Capital, a global leader in credit investing, today announced that its Direct Lending business has served as a Joint Lead Arranger in the $450 million secured term loan financing supporting the acquisition of Goodyear Chemical, a leading producer of synthetic rubber, by Gemspring Capital Management.
About this update from The Goodyear Tire & Rubber Company
[{"type":"text","content":"GREENWICH, Conn., Nov. 5, 2025 /PRNewswire/ -- Silver Point Capital, a global leader in credit investing, today announced that its Direct Lending business has served as a Joint Lead Arranger in the $450 million secured term loan financing supporting the acquisition of Goodyear Chemical, a leading producer of synthetic rubber, by Gemspring Capital Management.","length":360,"tagName":"p"},{"type":"text","content":"Gemspring's acquisition of the Goodyear Chemical business from The Goodyear Tire & Rubber Company (NASDAQ: GT), which was first announced in May 2025, includes two Chemical facilities in Houston and Beaumont, Texas and a related research office in Akron, Ohio. Goodyear will retain its facilities in Niagara Falls, New York, and Bayport, Texas.","length":352,"tagName":"p"},{"type":"text","content":"Goodyear Chemical offers a broad synthetic rubber product portfolio that serves a wide range of world-class customers across North America, including many of the world's leading tire manufacturers. Goodyear Chemical's products also deliver differentiated solutions across a diverse set of end markets, including food, medical, sporting goods, thermoset plastics, adhesives, packaging, and other consumer and industrial applications.","length":440,"tagName":"p"},{"type":"text","content":""The Silver Point team is pleased to partner once again with Gemspring and deliver a customized financing solution that supports the next chapter of growth and innovation for Goodyear Chemical as a standalone business, building on its existing industry leadership," said Anthony DiNello, Head of Direct Lending at Silver Point Capital.","length":345,"tagName":"p"},{"type":"text","content":"About Gemspring CapitalGemspring Capital, a Westport, Connecticut-based private equity firm with $5.1 billion of capital under management, provides flexible capital solutions to middle market companies. Gemspring partners with talented management teams and takes a partnership approach to helping drive revenue growth, value creation and sustainable competitive advantages. Target companies have up to $2.0 billion in revenue and are in the business services, consumer services, financial and insurance services, healthcare, industrial, software, and tech-enabled services sectors. For more information, visit www.gemspring.com.","length":629,"tagNa...