Tenneco has commenced a cash tender offer for any and all of its outstanding $500 million 6 7/8 percent senior notes due 2020. The tender offer is being made on the terms and subject to the conditions set forth in the offer to purchase dated June 6, 2016, and the related letter of transmittal.
The tender offer will expire at 5 p.m. EST on June 10, 2016, unless extended or earlier terminated as described in the offer to purchase. Holders of notes who validly tender (and do not validly withdraw) their notes prior to the expiration time, or who deliver to the depositary and information agent a properly completed and duly executed notice of guaranteed delivery in accordance with the instructions described in the offer to purchase, will be eligible to receive in cash $1,038.10 for each $1,000 principal amount of notes that are accepted by Tenneco for purchase in the tender offer, plus accrued and unpaid interest to, but not including, the settlement date, which is expected to be June 13, 2016.
