Current Report Filing (8-k)
June 24 2014 - 4:09PM
Edgar (US Regulatory)
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) June 23, 2014
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 |
(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 |
(Address of principal executive offices) |
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(Zip Code) |
Registrants 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)) |
SECTION 2 FINANCIAL INFORMATION
Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
On June 23, 2014, Visteon Corporation (the Company) drew the $600 million secured term loan under its Credit Agreement, dated
as of April 9, 2014 (the Credit Agreement), among the Company, as borrower, each lender from time to time party thereto, each L/C Issuer (as defined in the Credit Agreement) from time to time party thereto, and Citibank, N.A. as
administrative agent. This borrowing bears interest at a rate per annum of 275 basis points over LIBOR subject to a 75 basis point LIBOR floor which was in effect at date of borrowing. The Company is required to repay quarterly 0.25% of the term
loan drawn, with the balance due April 9, 2021.
The material terms of the Credit Agreement are described in the Companys
Current Reports on Form 8-K dated April 14, 2014.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
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VISTEON CORPORATION |
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Date: June 24, 2014 |
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By: |
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/s/ Peter M. Ziparo |
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Peter M. Ziparo |
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Vice President and General Counsel |
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