VAN BUREN TOWNSHIP, MI -- Visteon is seeking an additional $100 million to $200 million in secured term loans under its existing $800 million seven-year secured term loan that expires in June 2013. The company said this action will further enhance the company's liquidity as it executes its three-year plan, and allows the company to take advantage of strong financial market conditions.

Under provisions of the seven-year secured term loan, Visteon can increase the term loan by as much as $100 million. Should the company choose to raise an amount greater than $100 million, it will seek required lender approvals under the term loan and the company's $350 million U.S. asset-based revolving credit facility.

"Given the current strength of market conditions, we believe it is a prudent time to further enhance the liquidity of Visteon as we implement our three-year plan," said James Palmer, executive vice president and chief financial officer.

J.P. Morgan Securities Inc. and Citigroup Global Markets, Inc. will act as lead arrangers for this transaction; JPMorgan Chase Bank, N.A. is the administrative agent. Visteon expects to complete this transaction in 2006, subject to final documentation and other conditions.

For more information about Visteon, go to: http://www.visteon.com