Tenneco Announces Closing of Notes Offering
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LAKE FOREST, Ill., March 17, 2021 /PRNewswire/ Tenneco Inc. (NYSE: TEN) ( Tenneco ) today announced that it has completed its previously announced notes offering (the Offering ) of $800 million aggregate principal amount of 5.125% Senior Secured Notes due 2029 (the Notes ).
The Notes are guaranteed by each of Tenneco s subsidiaries that guarantees its credit facility and outstanding notes. The Notes and the subsidiary guarantees are secured by first priority security interests in substantially all of Tenneco s and the subsidiary guarantors assets, subject to certain excluded assets, exceptions and permitted liens, which security interests rank equally with the security interests securing its credit facility and outstanding secured notes.
Tenneco Announces Pricing of Senior Secured Notes Offering prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Tenneco Announces Pricing of Senior Secured Notes Offering prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.