Tyco International says holders put $57,000 of 0% LYONs

By Susanna Moon

Chicago, Nov. 20 - Tyco International Ltd. said investors chose to put $53,100 principal amount of its zero-coupon liquid yield option notes due 2020.

The put option expired at 5 p.m. ET on Nov. 19.

The company paid $823.44 in cash per $1,000 principal amount of notes surrendered. After the repurchase, $351,000 of the LYONs remains outstanding.

Based in Pembroke, Bermuda, Tyco produces electronics, fire and security, health care and engineered products and services.

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