US: Visteon alters existing US$1bn secured term loan facility

摘要

VISTEON has added an incremental US$500m tranche to its existing US$1bn seven-year secured term loan, increasing its liquidity as it continues to achieve solid growth with its multiyear improvement plan. The company noted that the amendment to its US$1bn secured term loan that expires in June 2013 follows favourable market conditions. In March, the components supplier had announced plans to consider a further increase in liquidity if market conditions were favourable.