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Visteon seeks to amend and extend credit facilities

03/07/2017

VAN BUREN TOWNSHIP, Mich., March 7, 2017 — Visteon Corporation (NYSE: VC) announced today that it is seeking to amend and extend its $350 million term loan due in 2021 to a new seven-year term loan maturing in 2024, to, among other things, reduce the margin applicable to the term loans. The company is also seeking to extend and upsize its existing $200 million revolving credit facility due in 2019 to a proposed $300 million, maturing in 2022.

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