UPDATE 1-Visteon gets loan holder support for reorganization

Newswire

* Says Wilmington Trust agrees to end plan litigation * Visteon to provide term lenders default-rate interest NEW YORK, July 28 (Reuters) - Visteon Corp said its term loan steering committee had agreed to support the auto parts maker's plan of reorganization, helping the company along on its path to emerging from Chapter 11 bankruptcy. Holders of a majority of the $1.5 billion term loan have agreed to vote in favor of the plan, the company said on Wednesday. "The support Visteon has ...

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