Visteon initiates activities to refinance bank debt due June 2007

By Sara Rosenberg

New York, May 10 - Visteon Corp. has recently initiated activities to refinance its $241 million term loan, its $350 million term loan and its revolving credit facility that all mature in June 2007, a company spokesman told Prospect News on Wednesday.

Through the refinancing, the company is expecting to significantly extend maturities, the spokesman added.

No other details on the refinancing transaction are available at this time.

Visteon is Van Buren Township, Mich., automotive supplier.

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