Visteon Increases Seven-Year Secured Term Loan By $200 Million
November 27 2006 - 5:17PM
PR Newswire (US)
VAN BUREN TOWNSHIP, Nov. 27 /PRNewswire-FirstCall/ -- Visteon
Corporation (NYSE:VC) today 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. (Logo:
http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO ) 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.
http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO DATASOURCE:
Visteon Corporation CONTACT: Media Inquiries: Jim Fisher,
+1-734-710-5557, mobile: +1-734-417-6184, , or Investor Inquiries:
Derek Fiebig, +1-734-710-5800, Web site: http://www.visteon.com/
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