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home / news releases / tenneco announces conditional redemption of senior n

TEN - Tenneco announces conditional redemption of senior notes

Tenneco Inc. Class A Voting
  • Tenneco ( NYSE: TEN ) said Wednesday it intends to redeem all outstanding 5?% senior notes due 2024 and all outstanding 5% senior notes due 2026 on Oct. 7.
  • Aggregate principal amount outstanding of the 2024 notes is $225M and of the 2026 notes is $500M.
  • Redemption price will be $1,025.68 per $1K principal amount of 2024 notes and $1,028.06 per $1K principal amount of 2026 notes.
  • The redemption is conditioned on completion of TEN's acquisition by funds managed by affiliates of Apollo Management ( APO ) and completion of an offering of debt securities on or prior to redemption date.

For further details see:

Tenneco announces conditional redemption of senior notes
Stock Information
Company Name: Tenneco Inc. Class A Voting
Stock Symbol: TEN
Market: NYSE
Website: tenneco.com
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