Wilmington Trust Clarifies Role in Visteon Corporation and Morris Publishing Group LLC Bankruptcies

Wilmington Trust, a leading provider of institutional trustee, agency, and administrative services through its Corporate Client Services (CCS) business, said today that it is not a creditor to Visteon Corporation (Visteon), which filed for Chapter 11 protection on May 28, 2009 in the United States Bankruptcy Court for the District of Delaware, or to Morris Publishing Group LLC (Morris Publishing), which filed for Chapter 11 protection January 19, 2010 in the United States Bankruptcy Court for the Southern District of Georgia.

Recent news reports may have led readers to believe that Wilmington Trust is providing $1.5 billion in credit to Visteon and $278.5 million in credit to Morris Publishing. In fact, Wilmington Trust is not a lender to either Visteon or Morris Publishing. The bankruptcy filings of Visteon and Morris Publishing pose no credit or investment risk to Wilmington Trust, nor do they affect Wilmington Trust’s balance sheet. In the Visteon bankruptcy filing, Wilmington Trust serves as successor administrative agent. In the Morris Publishing bankruptcy filing, Wilmington Trust serves as indenture trustee for 7% senior subordinated notes due 2013. Through its CCS business, Wilmington Trust is paid a fee for these services.

Wilmington Trust’s CCS business offers institutional trustee, agency, asset management, retirement plan, and administrative services for clients worldwide who use capital market financing structures, as well as those who seek to establish or maintain nexus, or legal residency, for special purpose entities. Because Wilmington Trust does not underwrite securities offerings or provide investment banking services, it is able to deliver corporate trust services that are conflict-free.

About Wilmington Trust

Wilmington Trust Corporation (NYSE:WL) is a financial services holding company that provides Regional Banking services throughout the mid-Atlantic region, Wealth Advisory Services for high-net-worth clients in 36 countries, and Corporate Client Services for institutional clients in 88 countries. Its wholly owned bank subsidiary, Wilmington Trust Company, which was founded in 1903, is one of the largest personal trust providers in the United States and the leading retail and commercial bank in Delaware. Wilmington Trust Corporation and its affiliates have offices in Arizona, California, Connecticut, Delaware, Florida, Georgia, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New York, Pennsylvania, South Carolina, Vermont, the Cayman Islands, the Channel Islands, London, Dublin, Frankfurt, Luxembourg, and Amsterdam.