secwatch.observer — SEC 8-K summary
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Issuer:     VISTEON CORP (VC)
CIK:        0001111335
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001111335-26-000025
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Visteon refinances with $400M revolver and $300M term loan, maturity 2031
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- New $400M revolving credit facility and $300M term loan A facility; both mature on April 27, 2031.
- Term loan amortizes at 5% annually starting Sept 30, 2026; interest margins range from 1.00%-1.75% (SOFR).
- Bank of America replaces Citibank as administrative agent; covenants include max net leverage of 3.50x (4.00x after acquisitions).
- Up to $75M available for letters of credit and $40M for swingline; sustainability-linked pricing adjustment up to 0.05%.
- Additional flexibility added to certain covenants; refinancing replaces prior facilities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1111335/000111133526000025/0001111335-26-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1111335/000111133526000025/vc-20260427.htm
  HTML page:      https://secwatch.observer/filing/0001111335-26-000025

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