Silver Point Capital 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.