US CREDIT-Visteon debt offer buys time, challenges remain

Newswire

By Karen Brettell NEW YORK, May 21 (Reuters) - Visteon Corp's plan to exchange some of its shorter-dated debt will relieve concerns over the auto supplier's ability to pay off the bonds while it restructures its business in a slowing economy. Analysts say, however, the company still needs to show investors it can turn around its business to generate positive free cash flows, and this may be an increasing challenging task as the economy slows and auto sales fall. Visteon on Monday ...

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