Yokohama Rubber refinances off-road tire business acquisition funds

The Yokohama Rubber Co., Ltd. (TSE:5101) announced today it has entered into a syndicated loan agreement and a separate loan agreement with the Japan Bank for International Cooperation (JBIC) to refinance the bridge loan used for its February acquisition of Goodyear Tire & Rubber Company's mining and construction machinery tire business. The syndicated loan totals JPY109.275 billion, while the JBIC Loan Agreement amounts to JPY31.0 billion. The syndicated loan involves 19 financial institutions, with Mizuho Bank, Ltd. acting as the arranger. The JBIC Loan Agreement is with the Japan Bank for International Cooperation. Both loan agreements have a fixed interest rate and a final repayment date of end May 2035 (syndicated loan) and June 30, 2025 (JBIC Loan Agreement). Yokohama Rubber anticipates minimal impact on its consolidated financial results for the fiscal year ending December 2025.