Tenneco to redeem all $20.03 million 8 5/8% notes due 2014 at 102.875

By Marisa Wong

Madison, Wis., Dec. 29 - Tenneco Automotive Inc. said that it will redeem its $20,029,000 of outstanding 8 5/8% senior subordinated notes due 2014 in full on Jan. 7.

The notes will be redeemed at 102.875 plus accrued interest to the redemption date.

The company began a tender offer and consent solicitation for its $500 million 8 5/8% notes on Dec. 9. As of Dec. 22, the issuer received tenders and consents for about $480 million of the notes.

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.

The Bank of New York Mellon Trust Co., NA is the agent.

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