Visteon amends revolver to reduce commitments, allow bridge loan

By Marisa Wong

Madison, Wis., July 5 - Visteon Corp. amended its five-year revolving loan credit agreement dated Oct. 1, 2010 and amended and restated on April 6, 2011, according to an 8-K filing with the Securities and Exchange Commission.

The latest amendment, completed on July 3, reduces total commitments to $175 million from $200 million, permits the incurrence of a KRW 1 trillion bridge loan by indirect subsidiary Visteon Korea Holdings Co. and modifies certain restrictive covenants.

Morgan Stanley Senior Funding, Inc. is the administrative agent for revolver.

Visteon is an automotive supplier based in Van Buren Township, Mich.

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