VAN BUREN TOWNSHIP, MI -- Visteon announced this week it has closed on new European and U.S. five-year revolving credit facilities with an aggregate availability of up to $675 million. The facilities replace the company's multi-year secured revolving credit facility of $500 million that was set to expire in June 2007.

The European receivables securitization of $325 million was led by Citigroup Global Markets Inc., JPMorgan Securities Inc. and UBS Securities LLC. The U.S. secured revolver of $350 million was led by JPMorgan Securities Inc. and Citigroup Global Markets Inc.

According to James Palmer, Visteon executive vice president and chief financial officer, this action provides additional flexibility for the company in implementing its three-year plan. "Closing on these facilities completes the financing we undertook earlier in the year, including a seven-year $800 million secured term loan completed in June," said Palmer.

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