VC Visteon Corporation

VAN BUREN TOWNSHIP, Mich., Jan. 3 /PRNewswire-FirstCall/ -- In response to strong market interest, Visteon Corporation (NYSE:VC) expects to increase the size of its planned 18-month secured term loan credit facility to $350 million, up from the previously announced intended amount of up to $300 million. (Logo: http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO ) Visteon announced Dec. 8 it intends to replace an existing $300 million short-term secured revolving credit facility, which expired Dec. 15, 2005, with a new 18-month secured term-loan. The new transaction is expected to close early next week. Visteon has appointed JPMorgan Securities and Citigroup Inc. as lead arrangers. As previously announced, Visteon also intends to seek amendments to the financial and other covenants contained in its existing $775 million multi- year revolving credit facility and its $250 million delayed draw term loan, both of which expire in June 2007, to provide flexibility as the company implements its restructuring plans. Visteon Corporation is a leading global automotive supplier that designs, engineers and manufactures innovative climate, interior, electronic and lighting products for vehicle manufacturers, and also provides a range of products and services to aftermarket customers. With corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Kerpen, Germany; the company has more than 170 facilities in 24 countries and employs approximately 50,000 people. This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward- looking statements are not guarantees of future results and conditions but rather are subject to various factors, risks and uncertainties that could cause our actual results to differ materially from those expressed in these forward-looking statements, including the automotive vehicle production volumes and schedules of our customers, and in particular Ford's North American vehicle production volumes; our ability to satisfy our future capital and liquidity requirements and comply with the terms of our existing credit agreements or obtain any necessary waivers or amendments thereto; the financial distress of our suppliers; our ability to implement, and realize the anticipated benefits of, restructuring and other cost-reduction initiatives and our successful execution of internal performance plans and other productivity efforts; charges resulting from restructurings, employee reductions, acquisitions or dispositions; our ability to offset or recover significant material surcharges; the effect of pension and other post- employment benefit obligations; as well as those factors identified in our filings with the SEC (including our Annual Report on Form 10-K/A for the year- ended December 31, 2004). We assume no obligation to update these forward- looking statements. http://www.newscom.com/cgi-bin/prnh/20001201/DEF008LOGO DATASOURCE: Visteon Corporation CONTACT: Media Inquiries: Jim Fisher, +1-734-710-5557, , or Investor Inquiries: Derek Fiebig, +1-734-710-5800, , both of Visteon Corporation Web site: http://www.visteon.com/

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