Tenneco Inc. today announced that it has extended the redemption date for its previously announced full redemption of all of its outstanding 5⅜% Senior Notes due 2024 (the "2024 Notes") and all of its outstanding 5.0% Senior Notes due 2026 (the "2026 Notes" and, together with the 2024 Notes, the "Notes") from the originally scheduled date on November 7, 2022 to November 14, 2022, subject to being further extended or rescinded if the conditions set forth in Tenneco's New Conditional Notice of Redemption issued on October 6, 2022 (the "Notice of Redemption") have not been satisfied or waived by such date.
The aggregate principal amount outstanding of the 2024 Notes is $225,000,000. The redemption price for the 2024 Notes will be equal to 100.896% of the principal amount thereof, plus accrued and unpaid interest on such Notes from June 15, 2022 (the most recent interest payment date) to, but excluding, the redemption date.
The aggregate principal amount outstanding of the 2026 Notes is $500,000,000. The redemption price for the 2026 Notes will be equal to 101.667% of the principal amount thereof, plus accrued and unpaid interest on such Notes from July 15, 2022 (the most recent interest payment date) to, but excluding, the redemption date.
Except for the extension of the redemption date, all other terms and conditions of the redemption for the for the Notes set forth in the Notice of Redemption remain in full force and effect.
Original source can be found here.
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