Visteon revises required amount of cash and cash equivalents for loan

By Sara Rosenberg

New York, May 27 - Visteon Corp. amended its credit facility, requiring the maintenance of at least $210 million of cash and cash equivalents at all times, down $264 million, according to an 8-K filed with the Securities and Exchange Commission on Wednesday.

The amendment was completed on May 21.

JPMorgan is the administrative agent on the deal and Ford Motor Co. is the sole lender.

Visteon is a Van Buren Township, Mich.-based automotive supplier.

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