Citibank Agents New $350MM Term Loan for Visteon

Visteon amended its credit agreement with Citibank as administrative agent. The amended agreement includes a new $350 million term loan.

Citibank Agents Visteon Refinancing

Visteon amended and extended its $350 million term loan and upsized and extended a revolving credit facility to $300 million. Citibank served as administrative agent.

U.S. ABL Facilities Demonstrate Full Recovery in Bankruptcy

According to a new Fitch Ratings report, U.S. asset-based lending (ABL) facilities present in a defaulted issuer’s capital structure demonstrated complete recoveries in a bankruptcy scenario.