Visteon To Sell $500M In Notes

Global automotive supplier, Visteon, is seeking to raise about $500 million through a note sale.

Global automotive supplier, Visteon, is seeking to raise about $500 million through a note sale. The senior secured notes will mature in 2019.

The company may use the proceeds to retire its $500 million senior secured term loan due 2017 and for general corporate purposes. The bonds are being offered to qualified institutional buyers and investors outside the U.S.

Click here for the release from PR Newswire.