UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO
RULE 13d-2(a)
Under the Securities Exchange Act of 1934
(Amendment No. 9)*
Visteon Corporation
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(Name of Issuer)
Common Stock, par value $1.00 per share
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(Title of Class of Securities)
92839U107
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(CUSIP Number)
Mr. Timothy Bass
Pardus Capital Management L.P.
590 Madison Avenue, Suite 25E
New York, New York 10022
(212) 381-7770
With a copy to:
Marc Weingarten, Esq.
Schulte Roth & Zabel LLP
919 Third Avenue
New York, New York 10022
(212) 756-2000
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
August 3, 2007
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(Date of Event which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following
box. [ ]
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 for other parties
to whom copies are to be sent.
(Continued on following pages)
(Page 1 of 5 Pages)
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* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page. The information required on the
remainder of this cover page shall not be deemed to be "filed" for the purpose
of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall be subject to
all other provisions of the Act (however, see the Notes).
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CUSIP NO. 92839U107 SCHEDULE 13D PAGE 2 OF 5 PAGES
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Pardus Capital Management L.P.
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
Not Applicable
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
AF
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
ITEMS 2(d) or 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
29,000,000
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NUMBER OF 8 SHARED VOTING POWER
SHARES
BENEFICIALLY -0-
OWNED BY -------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
PERSON WITH 29,000,000
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10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
29,000,000
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES*
[ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
22.4%
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14 TYPE OF REPORTING PERSON*
IA
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
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CUSIP NO. 92839U107 SCHEDULE 13D PAGE 3 OF 5 PAGES
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The Schedule 13D filed on May 1, 2006 by Pardus Capital Management L.P., a
Delaware limited partnership ("PCM"), relating to the shares of common stock,
$1.00 par value (the "Shares"), of Visteon Corporation (the "Issuer"), as
amended by Amendment Nos. 1, 2, 3, 4, 5, 6, 7 and 8 to the Schedule 13D, is
hereby amended by this Amendment No. 9 to the Schedule 13D.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
Item 3 is hereby amended and restated as follows:
All of the funds used to purchase the Shares described in this Schedule 13D
came from the working capital of the Fund. A total of approximately $190.2
million was paid to acquire such Shares.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
Item 5, paragraphs (a) through (c) of the Schedule 13D are hereby amended
and restated as follows:
(a) The Reporting Persons beneficially own 29,000,000 Shares, constituting
approximately 22.4% of the Shares outstanding.
The aggregate percentage of Shares beneficially owned by the Reporting
Persons is based upon 129,639,099 Shares outstanding, which is the total number
of Shares outstanding as of May 4, 2007 as reported in the Issuer's Quarterly
Report on Form 10-Q filed with the Securities and Exchange Commission on May 9,
2007.
(b) PCM possesses sole power to vote and direct the disposition of all of
the Shares held by the Fund. Thus, as of the close of business on August 6,
2007, the Reporting Persons may be deemed to beneficially own 29,000,000 Shares,
or 22.4% of the Shares deemed issued and outstanding as of that date.
(c) Information concerning transactions in the Shares effected by PCM since
the most recent filing on Schedule 13D is set forth in Schedule A hereto and is
incorporated by reference. Unless otherwise indicated, all of such transactions
were effected in the open market.
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CUSIP NO. 92839U107 SCHEDULE 13D PAGE 4 OF 5 PAGES
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SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: August 7, 2007
/s/ Karim Samii
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Karim Samii, in his capacity
as the sole member of Pardus
Capital Management LLC, the
sole general partner of Pardus
Capital Management L.P.
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CUSIP NO. 92839U107 SCHEDULE 13D PAGE 5 OF 5 PAGES
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SCHEDULE A
Pardus Special Opportunities Master Fund L.P.
Trade Date Shares Purchased (Sold) Price per Share ($, excluding execution
costs)
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07/27/2007 2,300 6.35
07/27/2007 11,700 6.36
07/27/2007 18,900 6.37
07/27/2007 57,200 6.38
07/27/2007 28,000 6.39
07/27/2007 106,600 6.40
07/27/2007 300 6.41
07/27/2007 400 6.42
07/27/2007 4,600 6.48
07/27/2007 7,400 6.49
07/27/2007 6,600 6.50
07/27/2007 700 6.51
07/27/2007 4,200 6.52
07/27/2007 300 6.53
07/27/2007 800 6.54
08/01/2007 100 6.23
08/01/2007 800 6.24
08/01/2007 10,000 6.25
08/01/2007 1,000 6.26
08/01/2007 5,200 6.27
08/01/2007 6,305 6.29
08/01/2007 52,695 6.30
08/01/2007 100 6.32
08/01/2007 19,000 6.34
08/01/2007 65,600 6.35
08/01/2007 20,800 6.36
08/01/2007 56,800 6.37
08/01/2007 27,400 6.38
08/01/2007 41,100 6.39
08/01/2007 102,900 6.40
08/01/2007 10,300 6.41
08/01/2007 5,000 6.42
08/01/2007 52,000 6.43
08/01/2007 107,100 6.44
08/01/2007 165,800 6.45
08/02/2007 2,600 6.52
08/02/2007 3,500 6.53
08/02/2007 1,500 6.54
08/02/2007 111,500 6.55
08/02/2007 5,900 6.59
08/03/2007 14,800 6.35
08/03/2007 2,600 6.36
08/03/2007 6,100 6.37
08/03/2007 31,600 6.38
08/03/2007 34,300 6.39
08/03/2007 51,400 6.40
08/03/2007 34,700 6.41
08/03/2007 33,100 6.42
08/03/2007 13,400 6.43
08/03/2007 22,400 6.44
08/03/2007 23,800 6.45
08/03/2007 14,100 6.46
08/03/2007 40,100 6.47
08/03/2007 26,200 6.48
08/03/2007 17,700 6.49
08/03/2007 110,500 6.50
08/03/2007 35,600 6.51
08/03/2007 70,000 6.52
08/03/2007 9,000 6.53
08/03/2007 1,700 6.54
08/03/2007 6,900 6.55
08/06/2007 100 6.14
08/06/2007 11,100 6.15
08/06/2007 14,400 6.16
08/06/2007 19,300 6.17
08/06/2007 33,300 6.18
08/06/2007 18,500 6.19
08/06/2007 83,900 6.20
08/06/2007 1,200 6.22
08/06/2007 900 6.23
08/06/2007 10,300 6.24
08/06/2007 82,000 6.25