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SEC filingVisteon Corporation entered into Amendment No. 8 to its Credit Agreement on April 27, 2026, refinancing its revolving credit facility to $400 million and term loan facility to $300 million, maturing April 27, 2031.
Visteon Corporation's Amendment No. 8 significantly refinances and extends its credit facilities, replacing the prior revolving facility and term loans with new commitments totaling $700 million maturing in 2031. This provides extended liquidity through a $400 million revolving facility supporting letters of credit up to $75 million and swingline up to $40 million, plus a $300 million term loan A with modest 5% annual amortization starting late 2026. Interest pricing is leverage-linked with SOFR or Base Rate options, offering flexibility for Euro/Pound Sterling borrowings, and includes innovative sustainability incentives tying potential rate reductions to emissions intensity relative to revenue. The shift to Bank of America as agent streamlines administration. The single key covenant caps net leverage at 3.5x, with temporary relief post-acquisitions, balancing lender protection with operational flexibility. Collateralized structure with subsidiary guarantees maintains security while allowing lien release upon achieving specified ratings. Prepayment flexibility without penalty enhances capital management options. Overall, this amendment de-risks near-term maturities, lowers potential costs via performance incentives, and supports strategic growth amid covenant headroom.