UPDATE 1-Ford assumes $163 mln asset-based loan for Visteon
* Talks continue with lenders and customers on other debt
* Visteon must maintain $264 mln cash, equivalents
* Ford has first-lien secured priority from loan
* Visteon shares close up 1.79 pct at 28 cents
By David Bailey
DETROIT, May 15 (Reuters) - Ford Motor Co (F.N: Quote, Profile, Research) has assumed a $163 million secured revolving credit facility from lenders to U.S. auto parts maker Visteon Corp VSTN.PK, one of its biggest suppliers, Visteon said in a regulatory filing on Friday.
Ford took on the asset-based loan from lenders to Visteon on Wednesday, according to a Visteon filing with the U.S. Securities and Exchange Commission. The parts maker has other larger debt that is still being discussed with lenders.
"We remain in active discussions with our customers and lenders to address our liquidity and our capital requirements," Visteon spokesman Jim Fisher said.
He said the auto parts maker was continuing to explore other strategic and financing alternatives. Continued...
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