Tenneco to redeem all remaining 10¼% senior secured notes due 2013

By Marisa Wong

Madison, Wis., July 29 - Tenneco Inc. said it plans to redeem all of its outstanding 10¼% senior secured notes due 2013 on Sept. 3.

The notes will be redeemed at 101.708% of par plus accrued interest.

Tenneco said it will finance the redemption with proceeds from its offering of $225 million senior notes due 2018 announced on Thursday, as well as with cash and available liquidity.

Tenneco is a Lake Forest, Ill.-based designer, manufacturer and marketer of emission control and ride control products and systems for the automotive original equipment market and the aftermarket.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.