NOTE 7. Debt

As of March 31, 2013, the Company had debt outstanding of $99 million and $678 million classified as short-term debt and long-term debt, respectively. The Company’s short and long-term debt balances consist of the following:



	March 31		December 31
	2013		2012
	(Dollars in Millions)
Short-term debt
Current portion of long-term debt	$	2	$	3
Other – short-term	97		93
Total short-term debt	$	99	$	96

Long-term debt
6.75% senior notes due April 15, 2019	446		445
HVCC USD term loan due May 30, 2016	100		—
HVCC KRW term loan due May 30, 2016	90		—
Other	42		28
Total long-term debt	$	678	$	473

During the first quarter of 2013, Halla Visteon Climate Control ("HVCC") entered into two unsecured bilateral term loan credit agreements with aggregate available borrowings of approximately $195 million. Both credit agreements mature in May 2016 and are subject to financial covenant tests of total debt to EBITDA of 3.2x and a net interest coverage test of not less than 3x.

Other affiliate debt of $141 million consists of $99 million and $42 million, which are classified as short-term and long-term debt, respectively. Other affiliate debt is primarily related to the Company's non-U.S. operations and includes an arrangement, through a subsidiary in France, to sell accounts receivable on an uncommitted basis with recourse. The amount of financing available is dependent on the the amount of receivables less customary reserves. At March 31, 2013 the Company had outstanding borrowings under this facility of $20 million with $48 million of receivables pledged as security, which are recorded as Other current assets on the consolidated balance sheet. At December 31, 2012, the Company had outstanding borrowings under this facility of $15 million and $49 million of receivables pledged as security.