secwatch.observer — SEC 8-K summary
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Issuer:     VISTEON CORP (VC)
CIK:        0001111335
Form:       8-K
Filed at:   2022-07-22T23:59:59+00:00
Accession:  0001111335-22-000036
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1111335/000111133522000036/0001111335-22-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1111335/000111133522000036/vc-20220719.htm
  HTML page:      https://secwatch.observer/filing/0001111335-22-000036

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