News from 2015 - 2017

  1. Tenneco
  2. 2019 - 2015 News Archive

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 Prices $225 Million Of 7.75 Percent Senior Notes Due 2018

July 29, 2010
 
Lake Forest, Illinois, July 29, 2010 - Tenneco Inc. (NYSE: TEN) today announced that it has priced a private offering of $225,000,000 of 7¾ percent senior notes due August 15, 2018. The net proceeds of this offering, together with cash and available liquidity, will be used to finance the redemption of all of Tenneco’s outstanding 10¼ percent senior secured notes due in 2013 and outstanding on September 2, 2010 at 101.708 percent of the principal amount, plus accrued and unpaid interest. The offering is subject to market and other conditions and is expected to close on August 3, 2010.
 
These transactions are expected to reduce Tenneco’s annual interest expense by approximately $6 million. Tenneco expects to record approximately $4 million in non-recurring pre-tax charges in the third quarter related to retiring the senior secured notes.
 
The new notes will be general senior obligations of Tenneco and will mature on August 15, 2018 with interest payable semi-annually on February 15 and August 15, beginning on February 15, 2011. The notes will be guaranteed by each of Tenneco’s domestic restricted subsidiaries that also guarantee Tenneco’s senior credit facility. These guarantees will be general senior obligations of the subsidiary guarantors. The notes and guarantees will not be secured by any assets of Tenneco or the guarantors.
 
Tenneco is offering the notes in reliance upon an exemption from registration under the Securities Act of 1933 for an offer and sale of securities that does not involve a public offering. The notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration. This news release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which it would be unlawful.
 
Company Information and Forward Looking Statements
 
Tenneco is a $4.6 billion global manufacturing company with headquarters in Lake Forest, Illinois and approximately 21,000 employees worldwide. Tenneco 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 markets its products principally under the Monroe®, Walker®, Gillet™ and Clevite®Elastomer brand names.
 
The disclosures herein include statements that are "forward looking" within the meaning of federal securities law concerning Tenneco’s proposed offering. The terms of, and Tenneco’s ability to complete, such transaction will depend upon prevailing market conditions and other factors. The forward-looking statements are subject to these and other risks and uncertainties that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements.
 
 
CONTACT:
Linae Golla
Investor inquiries
847 482-5162
lgolla@tenneco.com

Jane Ostrander
Media inquiries
847 482-5607
jostrander@tenneco.com
Back

2018

Tenneco Prices $225 Million Of 7.75 Percent Senior Notes Due 2018

July 29, 2010
 
Lake Forest, Illinois, July 29, 2010 - Tenneco Inc. (NYSE: TEN) today announced that it has priced a private offering of $225,000,000 of 7¾ percent senior notes due August 15, 2018. The net proceeds of this offering, together with cash and available liquidity, will be used to finance the redemption of all of Tenneco’s outstanding 10¼ percent senior secured notes due in 2013 and outstanding on September 2, 2010 at 101.708 percent of the principal amount, plus accrued and unpaid interest. The offering is subject to market and other conditions and is expected to close on August 3, 2010.
 
These transactions are expected to reduce Tenneco’s annual interest expense by approximately $6 million. Tenneco expects to record approximately $4 million in non-recurring pre-tax charges in the third quarter related to retiring the senior secured notes.
 
The new notes will be general senior obligations of Tenneco and will mature on August 15, 2018 with interest payable semi-annually on February 15 and August 15, beginning on February 15, 2011. The notes will be guaranteed by each of Tenneco’s domestic restricted subsidiaries that also guarantee Tenneco’s senior credit facility. These guarantees will be general senior obligations of the subsidiary guarantors. The notes and guarantees will not be secured by any assets of Tenneco or the guarantors.
 
Tenneco is offering the notes in reliance upon an exemption from registration under the Securities Act of 1933 for an offer and sale of securities that does not involve a public offering. The notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration. This news release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which it would be unlawful.
 
Company Information and Forward Looking Statements
 
Tenneco is a $4.6 billion global manufacturing company with headquarters in Lake Forest, Illinois and approximately 21,000 employees worldwide. Tenneco 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 markets its products principally under the Monroe®, Walker®, Gillet™ and Clevite®Elastomer brand names.
 
The disclosures herein include statements that are "forward looking" within the meaning of federal securities law concerning Tenneco’s proposed offering. The terms of, and Tenneco’s ability to complete, such transaction will depend upon prevailing market conditions and other factors. The forward-looking statements are subject to these and other risks and uncertainties that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements.
 
 
CONTACT:
Linae Golla
Investor inquiries
847 482-5162
lgolla@tenneco.com

Jane Ostrander
Media inquiries
847 482-5607
jostrander@tenneco.com
Back

2017

Tenneco Prices $225 Million Of 7.75 Percent Senior Notes Due 2018

July 29, 2010
 
Lake Forest, Illinois, July 29, 2010 - Tenneco Inc. (NYSE: TEN) today announced that it has priced a private offering of $225,000,000 of 7¾ percent senior notes due August 15, 2018. The net proceeds of this offering, together with cash and available liquidity, will be used to finance the redemption of all of Tenneco’s outstanding 10¼ percent senior secured notes due in 2013 and outstanding on September 2, 2010 at 101.708 percent of the principal amount, plus accrued and unpaid interest. The offering is subject to market and other conditions and is expected to close on August 3, 2010.
 
These transactions are expected to reduce Tenneco’s annual interest expense by approximately $6 million. Tenneco expects to record approximately $4 million in non-recurring pre-tax charges in the third quarter related to retiring the senior secured notes.
 
The new notes will be general senior obligations of Tenneco and will mature on August 15, 2018 with interest payable semi-annually on February 15 and August 15, beginning on February 15, 2011. The notes will be guaranteed by each of Tenneco’s domestic restricted subsidiaries that also guarantee Tenneco’s senior credit facility. These guarantees will be general senior obligations of the subsidiary guarantors. The notes and guarantees will not be secured by any assets of Tenneco or the guarantors.
 
Tenneco is offering the notes in reliance upon an exemption from registration under the Securities Act of 1933 for an offer and sale of securities that does not involve a public offering. The notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration. This news release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which it would be unlawful.
 
Company Information and Forward Looking Statements
 
Tenneco is a $4.6 billion global manufacturing company with headquarters in Lake Forest, Illinois and approximately 21,000 employees worldwide. Tenneco 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 markets its products principally under the Monroe®, Walker®, Gillet™ and Clevite®Elastomer brand names.
 
The disclosures herein include statements that are "forward looking" within the meaning of federal securities law concerning Tenneco’s proposed offering. The terms of, and Tenneco’s ability to complete, such transaction will depend upon prevailing market conditions and other factors. The forward-looking statements are subject to these and other risks and uncertainties that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements.
 
 
CONTACT:
Linae Golla
Investor inquiries
847 482-5162
lgolla@tenneco.com

Jane Ostrander
Media inquiries
847 482-5607
jostrander@tenneco.com
Back

2016

Tenneco Prices $225 Million Of 7.75 Percent Senior Notes Due 2018

July 29, 2010
 
Lake Forest, Illinois, July 29, 2010 - Tenneco Inc. (NYSE: TEN) today announced that it has priced a private offering of $225,000,000 of 7¾ percent senior notes due August 15, 2018. The net proceeds of this offering, together with cash and available liquidity, will be used to finance the redemption of all of Tenneco’s outstanding 10¼ percent senior secured notes due in 2013 and outstanding on September 2, 2010 at 101.708 percent of the principal amount, plus accrued and unpaid interest. The offering is subject to market and other conditions and is expected to close on August 3, 2010.
 
These transactions are expected to reduce Tenneco’s annual interest expense by approximately $6 million. Tenneco expects to record approximately $4 million in non-recurring pre-tax charges in the third quarter related to retiring the senior secured notes.
 
The new notes will be general senior obligations of Tenneco and will mature on August 15, 2018 with interest payable semi-annually on February 15 and August 15, beginning on February 15, 2011. The notes will be guaranteed by each of Tenneco’s domestic restricted subsidiaries that also guarantee Tenneco’s senior credit facility. These guarantees will be general senior obligations of the subsidiary guarantors. The notes and guarantees will not be secured by any assets of Tenneco or the guarantors.
 
Tenneco is offering the notes in reliance upon an exemption from registration under the Securities Act of 1933 for an offer and sale of securities that does not involve a public offering. The notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration. This news release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which it would be unlawful.
 
Company Information and Forward Looking Statements
 
Tenneco is a $4.6 billion global manufacturing company with headquarters in Lake Forest, Illinois and approximately 21,000 employees worldwide. Tenneco 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 markets its products principally under the Monroe®, Walker®, Gillet™ and Clevite®Elastomer brand names.
 
The disclosures herein include statements that are "forward looking" within the meaning of federal securities law concerning Tenneco’s proposed offering. The terms of, and Tenneco’s ability to complete, such transaction will depend upon prevailing market conditions and other factors. The forward-looking statements are subject to these and other risks and uncertainties that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements.
 
 
CONTACT:
Linae Golla
Investor inquiries
847 482-5162
lgolla@tenneco.com

Jane Ostrander
Media inquiries
847 482-5607
jostrander@tenneco.com
Back

2015

Tenneco Prices $225 Million Of 7.75 Percent Senior Notes Due 2018

July 29, 2010
 
Lake Forest, Illinois, July 29, 2010 - Tenneco Inc. (NYSE: TEN) today announced that it has priced a private offering of $225,000,000 of 7¾ percent senior notes due August 15, 2018. The net proceeds of this offering, together with cash and available liquidity, will be used to finance the redemption of all of Tenneco’s outstanding 10¼ percent senior secured notes due in 2013 and outstanding on September 2, 2010 at 101.708 percent of the principal amount, plus accrued and unpaid interest. The offering is subject to market and other conditions and is expected to close on August 3, 2010.
 
These transactions are expected to reduce Tenneco’s annual interest expense by approximately $6 million. Tenneco expects to record approximately $4 million in non-recurring pre-tax charges in the third quarter related to retiring the senior secured notes.
 
The new notes will be general senior obligations of Tenneco and will mature on August 15, 2018 with interest payable semi-annually on February 15 and August 15, beginning on February 15, 2011. The notes will be guaranteed by each of Tenneco’s domestic restricted subsidiaries that also guarantee Tenneco’s senior credit facility. These guarantees will be general senior obligations of the subsidiary guarantors. The notes and guarantees will not be secured by any assets of Tenneco or the guarantors.
 
Tenneco is offering the notes in reliance upon an exemption from registration under the Securities Act of 1933 for an offer and sale of securities that does not involve a public offering. The notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration. This news release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which it would be unlawful.
 
Company Information and Forward Looking Statements
 
Tenneco is a $4.6 billion global manufacturing company with headquarters in Lake Forest, Illinois and approximately 21,000 employees worldwide. Tenneco 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 markets its products principally under the Monroe®, Walker®, Gillet™ and Clevite®Elastomer brand names.
 
The disclosures herein include statements that are "forward looking" within the meaning of federal securities law concerning Tenneco’s proposed offering. The terms of, and Tenneco’s ability to complete, such transaction will depend upon prevailing market conditions and other factors. The forward-looking statements are subject to these and other risks and uncertainties that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements.
 
 
CONTACT:
Linae Golla
Investor inquiries
847 482-5162
lgolla@tenneco.com

Jane Ostrander
Media inquiries
847 482-5607
jostrander@tenneco.com
Back