Goodyear said its Goodyear Dunlop Tires Europe BV affiliate has arranged new financing for five years.
The accounts receivable securitization facility will initially provide $219.5 million but can be expanded to $365.8 million.
The facility's term of five years is subject to customary annual renewal of back-up liquidity lines, Goodyear said.
The new facility, which will be funded by year-end, replaces an existing $109.7 million facility.
The European affiliate is a joint venture between Goodyear and Japan's Sumitomo Rubber Industries Ltd.