SKOKIE,
Ill., Nov. 4, 2022 /PRNewswire/ -- Tenneco Inc.
(NYSE: TEN) ("Tenneco") today announced that it has extended the
redemption date for its previously announced full redemption of all
of its outstanding 5⅜% Senior Notes due 2024 (the "2024 Notes") and
all of its outstanding 5.0% Senior Notes due 2026 (the "2026 Notes"
and, together with the 2024 Notes, the "Notes") from the originally
scheduled date on November 7, 2022 to
November 14, 2022, subject to being
further extended or rescinded if the conditions set forth in
Tenneco's New Conditional Notice of Redemption issued on
October 6, 2022 (the "Notice of
Redemption") have not been satisfied or waived by such date.
The aggregate principal amount outstanding of the 2024 Notes is
$225,000,000. The redemption price
for the 2024 Notes will be equal to 100.896% of the principal
amount thereof, plus accrued and unpaid interest on such Notes from
June 15, 2022 (the most recent
interest payment date) to, but excluding, the redemption
date.
The aggregate principal amount outstanding of the 2026 Notes is
$500,000,000. The redemption price
for the 2026 Notes will be equal to 101.667% of the principal
amount thereof, plus accrued and unpaid interest on such Notes from
July 15, 2022 (the most recent
interest payment date) to, but excluding, the redemption date.
Except for the extension of the redemption date, all other terms
and conditions of the redemption for the for the Notes set forth in
the Notice of Redemption remain in full force and effect.
About Tenneco
Tenneco is one of the world's leading designers, manufacturers,
and marketers of automotive products for original equipment and
aftermarket customers, with full year 2021 revenues of $18 billion and approximately 71,000 team members
working at more than 260 sites worldwide. Through our four
business groups, Motorparts, Performance Solutions, Clean Air and
Powertrain, Tenneco is driving advancements in global mobility by
delivering technology solutions for diversified global markets,
including light vehicle, commercial truck, off-highway, industrial,
motorsport and the aftermarket.
Investor inquiries
Linae Golla
847 482-5162
lgolla@tenneco.com
Rich Kwas
248 849-1340
rich.kwas@tenneco.com
Media inquiries
Bill Dawson
847 482-5807
bdawson@tenneco.com
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SOURCE Tenneco Inc.