Tenneco Automotive Announces an Extension of the Exchange Offer for Its $500 Million Principal Amount 8-5/8% Senior Subordinated Notes Due 2014
LAKE FOREST, Ill., May 19, 2005 -- Tenneco Automotive Inc. announced today an extension of its offer to exchange up to $500 million principal amount of 8-5/8% Senior Subordinated Notes due 2014, which have been registered under the Securities Act of 1933, for a like amount of its 8-5/8% Senior Subordinated Notes due 2014, which were issued in November 2004 in a private placement. The offer is being made pursuant to the terms and conditions included in the company's prospectus dated April 11, 2005.
The exchange offer originally was scheduled to expire at 5:00 p.m. New York City time on May 18, 2005. The offer to exchange now will expire at 5:00 p.m. New York City time on May 20, 2005, unless further extended by Tenneco Automotive. All other terms of the exchange offer remain unchanged.
To date, approximately $499.5 million in aggregate principal amount of the notes issued in the November 2004 private placement have been tendered.
This news release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities of Tenneco Automotive nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.
Tenneco Automotive is a $4.2 billion manufacturing company with headquarters in Lake Forest, Illinois and approximately 18,400 employees worldwide. Tenneco Automotive is one of the world's largest designers, manufacturers and marketers of emission control and ride control products and systems for the automotive original equipment market and the aftermarket. Tenneco Automotive markets its products principally under the Monroe(R), Walker(R), Gillet(R) and Clevite(R)Elastomer brand names. Among its products are Sensa-Trac(R) and Monroe Reflex(R) shocks and struts, Rancho(R) shock absorbers, Walker(R) Quiet-Flow(R) mufflers, Dynomax(R) performance exhaust products, and Clevite(R)Elastomer noise, vibration and harshness control components.