Visteon Corporation is seeking to amend its existing $US1bn seven-year secured term loan that expires in June 2013 to add a new tranche expiring December 2013 by up to $500m.
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Visteon had previously said it would consider further enhancing its liquidity if market conditions were favourable.
JP Morgan Securities and Citigroup Global Markets will act as lead arrangers for this transaction; JPMorgan Chase Bank is the administrative agent.
Visteon anticipates completing the transaction in the second quarter of 2007.
