
Silver Point Finance Goodyear Chemical Acquisition
Key highlights
- $450 million secured term loan financing
- Acquisition by Gemspring Capital
- Goodyear Chemical's diverse product portfolio
- Facilities in Texas and Ohio
- Supports growth and innovation
Source: PR Newswire
Notable Quote
“ 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. ”
Anthony DiNello, Head of Direct Lending at Silver Point Capital
Why this matters
This acquisition marks a significant step for Gemspring Capital in expanding its portfolio in the chemical sector, particularly in synthetic rubber, which is crucial for various industries including automotive and consumer goods. The financing provided by Silver Point Capital not only facilitates this acquisition but also underscores the growing importance of tailored financial solutions in supporting strategic growth initiatives in the middle market. This development is particularly significant for the finance sector.



