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) May 21, 2009
VISTEON CORPORATION
(Exact name of registrant as specified in its charter)
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| Delaware
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1-15827
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38-3519512 |
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| (State or other jurisdiction of incorporation)
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(Commission File Number)
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(IRS Employer Identification No.) |
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| One Village Center Drive, Van Buren Township, Michigan
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48111 |
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| (Address of principal executive offices)
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(Zip Code) |
Registrant’s 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:
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Written communication pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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SECTION 1 — REGISTRANT’S BUSINESS AND OPERATIONS
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| Item 1.01. |
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Entry into a Material Definitive Agreement. |
On May 21, 2009, Visteon Corporation (the “Company”) and certain of its subsidiaries entered
into a Seventh Amendment (the “Amendment”) to the Credit Agreement, dated as of August 14, 2006 (as
amended, modified, renewed or extended from time to time, the “Credit Agreement’), among the
Company, certain subsidiaries of the Company, with Ford Motor Company (“Ford”), as the sole lender
and swingline lender, and JPMorgan Chase Bank, N.A., as administrative agent (the “Agent”), the
Company’s principal U.S. asset-based, secured revolving credit facility. The Amendment amends the
Credit Agreement to require the Company to maintain at least $210 million of cash and cash
equivalents at all times (previously $264 million), subject to adjustment with the consent of the
required lenders, and require advance notice for certain investments in foreign subsidiaries.
Also, on May 22, 2009, the Company delivered a notice of termination of its European trade
accounts receivable securitization facility. As a result, participating subsidiaries will
repurchase receivables previously sold under the program and outstanding as of May 22, 2009, and
amounts borrowed under the facility will be repaid.
The description of the Amendment does not purport to be complete and is qualified in its
entirety by reference to the complete text of the Amendment, a copy of which is filed as exhibit
10.1 hereto and incorporated herein by reference.