Visteon Raises $500 Million Through Amended Secured Term Loan

VAN BUREN TOWNSHIP, Mich., April 10, 2007  /PRNewswire-FirstCall/ -- Visteon Corporation (NYSE:VC) announced it has added an incremental $500 million tranche to an existing term loan facility, enhancing its liquidity as it continues to make solid progress with its multi-year improvement plan.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO )

Taking advantage of favorable market conditions, Visteon amended an existing $1 billion seven-year secured term loan that expires in June 2013. The new tranche expires in December 2013, bringing the total amount of Visteon's term loan to $1.5 billion.

J.P. Morgan Securities Inc. and Citigroup Global Markets Inc. acted as lead arrangers for this transaction; JPMorgan Chase Bank, N.A. is the administrative agent.

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 facilities in 26 countries and employs approximately 45,000 people. 

http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO

DATASOURCE: Visteon Corporation



CONTACT:  Media: Jim Fisher, [phone], ,

Investors: Derek Fiebig, [phone], , both of Visteon

Corporation



Web site:  http://www.visteon.com/ 

Copyright