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.
November 21, 2017
Citibank | visteon
ABF Journal
Visteon amended its credit agreement with Citibank as administrative agent. The amended agreement includes a new $350 million term loan.
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.
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.