VAN BUREN TOWNSHIP, Mich.,
March 7, 2017 /PRNewswire/
-- 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.
About Visteon
Visteon is a global company that designs, engineers and
manufactures innovative cockpit electronics products and connected
car solutions for most of the world's major vehicle manufacturers.
Visteon is a leading provider of instrument clusters, head-up
displays, information displays, infotainment, audio systems,
telematics and SmartCore™ cockpit domain controllers. Visteon also
supplies embedded multimedia and smartphone connectivity software
solutions to the global automotive industry. Headquartered in
Van Buren Township, Michigan,
Visteon has approximately 10,000 employees at more than 40
facilities in 19 countries. Visteon had sales of $3.16 billion in 2016. Learn more at
www.visteon.com.
Follow Visteon:
www.twitter.com/visteon
www.youtube.com/visteon
http://blog.visteon.com
www.google.com/+visteon
www.linkedin.com/company/visteon
https://www.facebook.com/VisteonCorporation
https://www.instagram.com/visteon
http://www.slideshare.net/VisteonCorporation
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SOURCE Visteon Corporation