UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) March 7, 2017
VISTEON CORPORATION
(Exact name of registrant as specified in its charter)
Delaware | 1-15827 | 38-3519512 | ||
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) | ||
One Village Center Drive, Van Buren Township, Michigan | 48111 | |||
(Address of principal executive offices) | (Zip Code) |
Registrants telephone number, including area code (800)-VISTEON
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ | Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
SECTION 8 OTHER EVENTS
Item 8.01 Other Events.
On March 7, 2017, Visteon Corporation (the Company) issued a press release 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. 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.
The information contained in Exhibit 99.1 shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
SECTION 9 FINANCIAL STATEMENTS AND EXHIBITS
Item 9.01. Financial Statements and Exhibits.
Exhibit No. |
Description | |
99.1 | Press release dated March 7, 2017. |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
VISTEON CORPORATION | ||||
Date: March 8, 2017 | By: | /s/ Brett D. Pynnonen | ||
Brett D. Pynnonen | ||||
Senior Vice President and General Counsel |
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EXHIBIT INDEX
Exhibit No. |
Description |
Page |
||||
99.1 | Press release dated March 7, 2017. |
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Exhibit 99.1
NEWS RELEASE |
Visteon Seeks to Amend and Extend Credit Facilities
VAN BUREN TOWNSHIP, Mich., March 7, 2017 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 worlds 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:
Contacts:
Media:
Jim Fisher
734-710-5557
734-417-6184 mobile
jfishe89@visteon.com
Investors:
Bill Robertson
734-710-8349
william.robertson@visteon.com