goodyear 8K Reports 10/02/08

Goodyear drew $600 million from its $1.5 billion revolving credit facility due to temporary delays accessing $360 million invested with Reserve Primary Fund. The funds will support seasonal working capital needs and enhance cash liquidity. Interest on the borrowing is at a rate of 125 basis points over LIBOR (currently 4.68%). Goodyear had previously announced its intent to draw on the credit facility in a September 25th press release.