Visteon Corporation Announces Partial Redemption of Its 6.75%
Senior Notes Due 2019
VAN BUREN TOWNSHIP, Mich.,
Nov. 14, 2012 /PRNewswire/
-- Visteon Corporation (NYSE: VC) today announced that it has
given the required notice under the governing indenture to redeem
for cash $50,000,000 of its
outstanding 6.75% Senior Notes due 2019 (the "Notes") on
Dec. 14, 2012 (the "Redemption
Date"). The redemption price for the Notes will be 103% of the
principal amount of the Notes, plus accrued and unpaid interest to
the Redemption Date.
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A notice of partial redemption is being sent to all currently
registered holders of the Notes by The Bank of New York Mellon
Trust Company, N.A., the trustee under the indenture governing the
Notes. The trustee has advised Visteon that the selection of the
Notes for redemption will be made by lot in accordance with the
procedures of The Depository Trust Corporation. Beneficial holders
with any questions about the redemption should contact their
respective brokerage firms or financial institutions that hold
Notes on their behalf.
This press release is for informational purposes only and is not
an offer to buy, the solicitation of an offer to sell or a
solicitation of consents with respect to, any of the
Notes.
About Visteon
Visteon is a leading global automotive
supplier that designs, engineers and manufactures innovative
climate, electronics and interior products for vehicle
manufacturers. With corporate offices in Van Buren Township, Mich. (U.S.); Shanghai, China; and Chelmsford, UK; the company has facilities in
28 countries and employs approximately 22,000 people. Learn more at
www.visteon.com.
Forward-Looking Statements
This communication contains
forward-looking statements that may state Visteon's or its
management's intentions, beliefs, expectations or predictions for
the future. Such forward-looking statements are subject to certain
risks, uncertainties and assumptions, and typically can be
identified by the use of words such as "will," "expect,"
"estimate," "anticipate," "forecast," "plan," "believe" and similar
terms. Although Visteon believes that its expectations are
reasonable, it can give no assurance that these expectations will
prove to have been correct, and actual results may vary materially.
Factors that could cause actual results to differ materially from
those contemplated above include, among others, risks and
uncertainties related to the capital markets generally.
The foregoing review of factors that could cause Visteon's
actual results to differ materially from those contemplated in the
forward-looking statements included herein should be considered in
connection with information regarding risks and uncertainties that
may affect Visteon's future results included in Visteon's filings
with the SEC at www.sec.gov.
SOURCE Visteon Corporation