Visteon Increases Seven-Year Secured Term Loan By $200 Million

Date: 28 November 2006
Source: Visteon
Visteon Corporation (NYSE: VC) announced the successful completion of its efforts to increase its seven-year term loan by $200 million.

The seven-year secured term loan, which expires in June 2013, has been increased to $1 billion.

To facilitate this transaction, Visteon amended its credit agreements related to the seven-year secured term loan and a $350 million U.S. asset-based revolving credit facility.

Visteon Corporation is a leading global automotive supplier that designs, engineers and manufactures innovative climate, interior, electronic and lighting products for vehicle manufacturers, and also provides a range of products and services to aftermarket customers. With corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Kerpen, Germany; the company has more than 170 facilities in 26 countries and employs about 46,000 people.

600450 Visteon Increases Seven-Year Secured Term Loan By $200 Million
Date: 28 November 2006
Source: Visteon

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