Visteon Expects to Increase the Size of Its 18-Month Secured Term Loan

VAN BUREN TOWNSHIP, Mich., Jan. 3, 2006 -- In response to strong market interest, Visteon Corporation 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.

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.