DETROIT -- According to a Form 8-K filed by Visteon with the Securities and Exchange Commission on May 28, Ford Motor Co., Visteon’s former parent company, has agreed to provide the parts supplier with $125 million in debtor-in-possession (DIP) financing.
The agreement comes in conjunction with Visteon’s Chapter 11 filing, also announced on May 28.
According to SEC documents, the loans are contingent upon the agreement that other customers would participate in the DIP facility.
