News from 2015 - 2017

Disclaimer

These press releases may contain certain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to the risk factors noted in the press releases and Tenneco's filings with the Securities and Exchange Commission on Form 10-K and Form 10-Q. All press releases are current only as of the date specified. Tenneco disclaims any obligation to update or correct press releases as the result of financial, business or any other developments occurring after the specified date.

 

2019

Tenneco Automotive To Withdraw Private Placement Offering Due To Unfavorable Pricing Conditions

July 27, 2004

LAKE FOREST, ILLINOIS, JULY 27, 2004 - Tenneco Automotive (NYSE TEN) announced today that the company will not proceed with its proposed private placement offering of $500 million in senior subordinated notes as announced on July 26, 2004 due to unfavorable pricing conditions.

As a result, Tenneco Automotive is also withdrawing its tender offer and consent solicitation for its 11 5/8% Senior Subordinated Notes.

"The deal was not as attractive as we had anticipated due to rising interest rates in the bond market," said Mark P. Frissora, chairman and CEO, Tenneco Automotive. "While the offering was one opportunity for reducing our annual interest expense, we didn't have to complete the transaction. We are in a favorable position of being able to wait for better market conditions."

The company will continue to evaluate opportunities to reduce the interest expense on its 11 5/8% Senior Subordinated Notes, which mature in October 2009.
Tenneco Automotive is a $3.8 billion manufacturing company with headquarters in Lake Forest, Illinois and approximately 19,200 employees worldwide. Tenneco Automotive is one of the world's largest designers, manufacturers and marketers of emission control and ride control products and systems for the automotive original equipment market and the aftermarket. Tenneco Automotive markets its products principally under the Monroe®, Walker®, Gillet® and Clevite® Elastomer brand names. Among its products are Sensa-Trac® and Monroe Reflex® shocks and struts, Rancho® shock absorbers, Walker® Quiet-Flow® mufflers, Dynomax® performance exhaust products, and Clevite® Elastomer noise, vibration and harshness control components.


CONTACT:
Tenneco Automotive, Media Relations
Jane Ostrander
(1) 847 482 5607
jane.ostrander@tenneco-automotive.com

Tenneco Automotive, Investor Relations
Leslie Hunziker,
847/482-5042
leslie.hunziker@tenneco-automotive.com

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2018

Tenneco Automotive To Withdraw Private Placement Offering Due To Unfavorable Pricing Conditions

July 27, 2004

LAKE FOREST, ILLINOIS, JULY 27, 2004 - Tenneco Automotive (NYSE TEN) announced today that the company will not proceed with its proposed private placement offering of $500 million in senior subordinated notes as announced on July 26, 2004 due to unfavorable pricing conditions.

As a result, Tenneco Automotive is also withdrawing its tender offer and consent solicitation for its 11 5/8% Senior Subordinated Notes.

"The deal was not as attractive as we had anticipated due to rising interest rates in the bond market," said Mark P. Frissora, chairman and CEO, Tenneco Automotive. "While the offering was one opportunity for reducing our annual interest expense, we didn't have to complete the transaction. We are in a favorable position of being able to wait for better market conditions."

The company will continue to evaluate opportunities to reduce the interest expense on its 11 5/8% Senior Subordinated Notes, which mature in October 2009.
Tenneco Automotive is a $3.8 billion manufacturing company with headquarters in Lake Forest, Illinois and approximately 19,200 employees worldwide. Tenneco Automotive is one of the world's largest designers, manufacturers and marketers of emission control and ride control products and systems for the automotive original equipment market and the aftermarket. Tenneco Automotive markets its products principally under the Monroe®, Walker®, Gillet® and Clevite® Elastomer brand names. Among its products are Sensa-Trac® and Monroe Reflex® shocks and struts, Rancho® shock absorbers, Walker® Quiet-Flow® mufflers, Dynomax® performance exhaust products, and Clevite® Elastomer noise, vibration and harshness control components.


CONTACT:
Tenneco Automotive, Media Relations
Jane Ostrander
(1) 847 482 5607
jane.ostrander@tenneco-automotive.com

Tenneco Automotive, Investor Relations
Leslie Hunziker,
847/482-5042
leslie.hunziker@tenneco-automotive.com

Back

2017

Tenneco Automotive To Withdraw Private Placement Offering Due To Unfavorable Pricing Conditions

July 27, 2004

LAKE FOREST, ILLINOIS, JULY 27, 2004 - Tenneco Automotive (NYSE TEN) announced today that the company will not proceed with its proposed private placement offering of $500 million in senior subordinated notes as announced on July 26, 2004 due to unfavorable pricing conditions.

As a result, Tenneco Automotive is also withdrawing its tender offer and consent solicitation for its 11 5/8% Senior Subordinated Notes.

"The deal was not as attractive as we had anticipated due to rising interest rates in the bond market," said Mark P. Frissora, chairman and CEO, Tenneco Automotive. "While the offering was one opportunity for reducing our annual interest expense, we didn't have to complete the transaction. We are in a favorable position of being able to wait for better market conditions."

The company will continue to evaluate opportunities to reduce the interest expense on its 11 5/8% Senior Subordinated Notes, which mature in October 2009.
Tenneco Automotive is a $3.8 billion manufacturing company with headquarters in Lake Forest, Illinois and approximately 19,200 employees worldwide. Tenneco Automotive is one of the world's largest designers, manufacturers and marketers of emission control and ride control products and systems for the automotive original equipment market and the aftermarket. Tenneco Automotive markets its products principally under the Monroe®, Walker®, Gillet® and Clevite® Elastomer brand names. Among its products are Sensa-Trac® and Monroe Reflex® shocks and struts, Rancho® shock absorbers, Walker® Quiet-Flow® mufflers, Dynomax® performance exhaust products, and Clevite® Elastomer noise, vibration and harshness control components.


CONTACT:
Tenneco Automotive, Media Relations
Jane Ostrander
(1) 847 482 5607
jane.ostrander@tenneco-automotive.com

Tenneco Automotive, Investor Relations
Leslie Hunziker,
847/482-5042
leslie.hunziker@tenneco-automotive.com

Back

2016

Tenneco Automotive To Withdraw Private Placement Offering Due To Unfavorable Pricing Conditions

July 27, 2004

LAKE FOREST, ILLINOIS, JULY 27, 2004 - Tenneco Automotive (NYSE TEN) announced today that the company will not proceed with its proposed private placement offering of $500 million in senior subordinated notes as announced on July 26, 2004 due to unfavorable pricing conditions.

As a result, Tenneco Automotive is also withdrawing its tender offer and consent solicitation for its 11 5/8% Senior Subordinated Notes.

"The deal was not as attractive as we had anticipated due to rising interest rates in the bond market," said Mark P. Frissora, chairman and CEO, Tenneco Automotive. "While the offering was one opportunity for reducing our annual interest expense, we didn't have to complete the transaction. We are in a favorable position of being able to wait for better market conditions."

The company will continue to evaluate opportunities to reduce the interest expense on its 11 5/8% Senior Subordinated Notes, which mature in October 2009.
Tenneco Automotive is a $3.8 billion manufacturing company with headquarters in Lake Forest, Illinois and approximately 19,200 employees worldwide. Tenneco Automotive is one of the world's largest designers, manufacturers and marketers of emission control and ride control products and systems for the automotive original equipment market and the aftermarket. Tenneco Automotive markets its products principally under the Monroe®, Walker®, Gillet® and Clevite® Elastomer brand names. Among its products are Sensa-Trac® and Monroe Reflex® shocks and struts, Rancho® shock absorbers, Walker® Quiet-Flow® mufflers, Dynomax® performance exhaust products, and Clevite® Elastomer noise, vibration and harshness control components.


CONTACT:
Tenneco Automotive, Media Relations
Jane Ostrander
(1) 847 482 5607
jane.ostrander@tenneco-automotive.com

Tenneco Automotive, Investor Relations
Leslie Hunziker,
847/482-5042
leslie.hunziker@tenneco-automotive.com

Back

2015

Tenneco Automotive To Withdraw Private Placement Offering Due To Unfavorable Pricing Conditions

July 27, 2004

LAKE FOREST, ILLINOIS, JULY 27, 2004 - Tenneco Automotive (NYSE TEN) announced today that the company will not proceed with its proposed private placement offering of $500 million in senior subordinated notes as announced on July 26, 2004 due to unfavorable pricing conditions.

As a result, Tenneco Automotive is also withdrawing its tender offer and consent solicitation for its 11 5/8% Senior Subordinated Notes.

"The deal was not as attractive as we had anticipated due to rising interest rates in the bond market," said Mark P. Frissora, chairman and CEO, Tenneco Automotive. "While the offering was one opportunity for reducing our annual interest expense, we didn't have to complete the transaction. We are in a favorable position of being able to wait for better market conditions."

The company will continue to evaluate opportunities to reduce the interest expense on its 11 5/8% Senior Subordinated Notes, which mature in October 2009.
Tenneco Automotive is a $3.8 billion manufacturing company with headquarters in Lake Forest, Illinois and approximately 19,200 employees worldwide. Tenneco Automotive is one of the world's largest designers, manufacturers and marketers of emission control and ride control products and systems for the automotive original equipment market and the aftermarket. Tenneco Automotive markets its products principally under the Monroe®, Walker®, Gillet® and Clevite® Elastomer brand names. Among its products are Sensa-Trac® and Monroe Reflex® shocks and struts, Rancho® shock absorbers, Walker® Quiet-Flow® mufflers, Dynomax® performance exhaust products, and Clevite® Elastomer noise, vibration and harshness control components.


CONTACT:
Tenneco Automotive, Media Relations
Jane Ostrander
(1) 847 482 5607
jane.ostrander@tenneco-automotive.com

Tenneco Automotive, Investor Relations
Leslie Hunziker,
847/482-5042
leslie.hunziker@tenneco-automotive.com

Back