Tenneco Automotive Inc. (ticker: TEN, exchange: New York Stock Exchange) News Release

February 7, 2000

 
TENNECO AUTOMOTIVE INC. ANNOUNCES EXCHANGE OFFER FOR ITS 11-5/8% SENIOR SUBORDINATED NOTES DUE 2009

LAKE FOREST, Ill.--(BUSINESS WIRE)--Feb. 7, 2000--Tenneco Automotive Inc. commenced today an offer to exchange up to $500 million principal amount of 11-5/8% Senior Subordinated Notes due 2009, which have been registered under the Securities Act of 1933, for a like amount of its existing 11-5/8% Senior Subordinated Notes due 2009, which were issued on October 14, 1999 in a private placement pursuant to Rule 144A under the Securities Act. The offer is being made only pursuant to the terms and conditions included in the company's Prospectus dated February 7, 2000, and this press release does not constitute an offer. Information concerning the offer and offering materials may be obtained from The Bank of New York, 101 Barclay Street, 7E, New York, NY 10286, Attn: Reorganization Section, which is acting as exchange agent.

The exchange offer will expire at 5:00 p.m., New York City time, on March 7, 2000, unless extended by Tenneco Automotive.

Tenneco Automotive is a $3.2 billion manufacturing company headquartered in Lake Forest, Ill., with 24,000 employees worldwide. Tenneco Automotive is one of the world's largest producers and marketers of ride control and exhaust systems and products, which are sold under the Monroe(R) and Walker(R) global brand names. Among its products are Sensa-Trac(R) shocks and struts, Rancho(R) shock absorbers, Walker(R) Quiet-Flow(TM) mufflers and DynoMax(TM) performance exhaust products, and Monroe(R) Clevite(TM) vibration control components.

 

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