Visteon enters credit amendment: $400M revolver, new term A facility maturing 2027

VISTEON CORP

New $400M revolving credit facility replaces existing revolver; new term loan A refinances prior term loans.
Interest rates: SOFR + 1.00%-1.75% or Base + 0.00%-0.75%; commitment fee 0.15%-0.25% on unused revolver.
Maturity July 19, 2027; term loan amortizes 5% annually beginning June 30, 2023.
ESG-linked interest adjustment up to 0.05% based on carbon emissions relative to revenue.
Financial covenant: total net leverage ratio not to exceed 3.50:1.00 (4.00:1.00 after material acquisition).

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