The tender offer expired at 5:00 p.m. (EST), on Friday, April 2, 2004.
Based on the final count by the depositary, the tender offer was oversubscribed, with an aggregate principal amount of $315,701,000 of Notes having been tendered prior to the expiration time. The Notes accepted for purchase in the tender offer were selected on a pro rata basis from among all tendering holders, resulting in a proration factor of approximately 79% (rounded up to the nearest $1,000 of principal amount) of the Notes tendered.
Visteon paid approximately $271,793,000 for all of the notes purchased in the tender offer, which included the purchase price, the early tender premium, as applicable, and accrued but unpaid interest up to, but not including, the settlement date. Visteon used a portion of the proceeds from its recently completed issuance of $450,000,000 in aggregate principal amount of 7.00% Notes due 2014 to fund the purchase of the Notes in the tender offer and to pay associated expenses and accrued interest. Citigroup Global Markets Inc. and J.P. Morgan Securities Inc. acted as the dealer managers for the tender offer. Global Bondholder Services Corporation acted as depositary and information agent for the tender offer.