Silver Point Leads Financing of Acquisition of Goodyear Chemical by Gemspring Capital

Rhea-AI Summary

Silver Point Capital announced on Nov 5, 2025 that its Direct Lending business served as Joint Lead Arranger on a $450 million secured term loan to support Gemspring Capital's acquisition of Goodyear Chemical from The Goodyear Tire & Rubber Company (NASDAQ: GT).

The acquisition package includes two chemical facilities in Houston and Beaumont, Texas and a related research office in Akron, Ohio; Goodyear will retain facilities in Niagara Falls, New York and Bayport, Texas. The release notes Goodyear Chemical supplies synthetic rubber to major North American tire makers and serves diversified end markets including food, medical, sporting goods, thermoset plastics, adhesives, and packaging.

Positive

• $450M secured term loan arranged to finance the acquisition
• Acquisition covers Houston and Beaumont, TX facilities plus Akron research office
• Backing from Silver Point's Direct Lending signals creditor support for standalone growth

Negative

• Sale excludes Goodyear facilities in Niagara Falls, NY and Bayport, TX
• Transaction announced earlier in May 2025, implying a multi‑month deal process

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.

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.

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.

"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.

About Gemspring Capital
Gemspring 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.

About Silver Point 
Silver Point is a leading global credit investing firm founded in 2002. With a dedicated team of over 350 employees, Silver Point oversees $41 billion in investable assets across a comprehensive credit platform that includes public and private investment strategies. Silver Point's Direct Lending business delivers customized financing solutions to middle-market companies across industries. It works in close partnership with borrowers, developing a thorough understanding of their businesses and addressing a wide variety of capital needs with speed and certainty. Silver Point's flexible mandate is designed to allow clients to execute on M&A, refinancings and growth capital, among a range of transaction types. Silver Point's Direct Lending business manages over $16 billion in investable assets. For more information, please visit www.silverpointcapital.com.

Media Contacts:
Todd Fogarty / Sophia Swidey
Kekst CNC
SilverPoint@kekstcnc.com 

View original content:https://www.prnewswire.com/news-releases/silver-point-leads-financing-of-acquisition-of-goodyear-chemical-by-gemspring-capital-302606177.html

SOURCE Silver Point Capital

FAQ

What financing did Silver Point provide for the Gemspring acquisition of Goodyear Chemical (GT) on Nov 5, 2025?

Silver Point acted as Joint Lead Arranger on a $450 million secured term loan to support the acquisition.

Which Goodyear Chemical facilities are part of the Gemspring purchase announced Nov 5, 2025?

The acquisition includes chemical facilities in Houston and Beaumont, Texas and a related research office in Akron, Ohio.

Which Goodyear (GT) facilities are not included in the Gemspring Chemical deal?

Goodyear will retain facilities in Niagara Falls, New York and Bayport, Texas.

When was Gemspring's acquisition of Goodyear Chemical first announced relative to the Nov 5, 2025 financing news?

The acquisition was first announced in May 2025.

What markets does Goodyear Chemical serve according to the Nov 5, 2025 announcement?

Goodyear Chemical supplies synthetic rubber to major tire makers and serves end markets including food, medical, sporting goods, thermoset plastics, adhesives, and packaging.