-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IRqZVT+BzaLuXEK/on0hNw3qB3oBtcG3GzVk9vAYTto7AkheyEKNQsnhgHUS1+wx yZUjz4W9pYwLY/2lnHvi1A== 0000950137-07-016450.txt : 20071102 0000950137-07-016450.hdr.sgml : 20071102 20071102111458 ACCESSION NUMBER: 0000950137-07-016450 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20071101 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20071102 DATE AS OF CHANGE: 20071102 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TENNECO INC CENTRAL INDEX KEY: 0001024725 STANDARD INDUSTRIAL CLASSIFICATION: MOTOR VEHICLE PARTS & ACCESSORIES [3714] IRS NUMBER: 760515284 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-12387 FILM NUMBER: 071209163 BUSINESS ADDRESS: STREET 1: 500 NORTH FIELD DRIVE CITY: LAKE FOREST STATE: IL ZIP: 60045 BUSINESS PHONE: 847-482-50 MAIL ADDRESS: STREET 1: 500 N FIELD DR STREET 2: ROOM T 2560B CITY: LAKE FOREST STATE: IL ZIP: 60045 FORMER COMPANY: FORMER CONFORMED NAME: TENNECO AUTOMOTIVE INC DATE OF NAME CHANGE: 19991112 FORMER COMPANY: FORMER CONFORMED NAME: NEW TENNECO INC DATE OF NAME CHANGE: 19961011 8-K 1 c21187e8vk.txt CURRENT REPORT UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------------------- FORM 8-K Current Report Pursuant To Section 13 or 15(d) of the Securities Exchange Act of 1934 ---------------------- Date of Report (Date of earliest event reported): November 1, 2007 TENNECO INC. (Exact Name of Registrant as Specified in Charter) Delaware 1-12387 76-0515284 (State or other jurisdiction of (Commission (I.R.S. Employer incorporation or organization) File Number) Identification No.) 500 NORTH FIELD DRIVE, LAKE FOREST, ILLINOIS 60045 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (847) 482-5000 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 8.01. OTHER EVENTS. On November 1, 2007, Tenneco Inc. announced the pricing of a private offering of $250,000,000 senior notes which was contained in a press release, a copy of which is filed under Item 9.01 as Exhibit 99.1 and incorporated herein. ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. Exhibit No. Description - ----------- ----------- 99.1 Press release issued November 1, 2007. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. TENNECO INC. Date: November 2, 2007 By: /s/ David A. Wardell ----------------------------- David A. Wardell Senior Vice President, General Counsel and Secretary EX-99.1 2 c21187exv99w1.txt PRESS RELEASE EXHIBIT 99.1 news release [TENNECO LOGO] Contacts: Jane Ostrander Leslie Hunziker Media Relations Investor Relations 847 482-5607 847 482-5042 jostrander@tenneco.com lhunziker@tenneco.com TENNECO PRICES $250 MILLION OF 8-1/8 PERCENT SENIOR NOTES DUE 2015 Lake Forest, Illinois, November 1, 2007 -- Tenneco Inc. (NYSE: TEN) announced today that it has priced a private placement offering of $250,000,000 of 8-1/8 percent senior notes due November 15, 2015. The net proceeds of this transaction, expected to be about $245 million, together with cash on hand, will be used to purchase up to $230,000,000 of the company's outstanding $475,000,000 10-1/4 percent senior secured notes. These transactions are expected to reduce the company's annual interest expense by approximately $3 million for 2008 and increase the company's outstanding total debt by approximately $20 million. The company expects to record non-recurring pre-tax charges related to the tender premium and fees, the write-off of deferred debt issuance costs and the write-off of previously recognized debt issuance premium of approximately $20 million. The new notes will be general senior obligations of the company and will mature on November 15, 2015 with interest payable semi-annually on May 15 and November 15, beginning on May 15, 2008. The notes will be guaranteed by each of Tenneco's domestic restricted subsidiaries that also guarantee the company's senior credit facility. These guarantees will be general senior obligations of the subsidiary guarantors. The notes and guarantees will not be secured by any assets of Tenneco or the guarantors. Tenneco is offering the notes in reliance upon an exemption from registration under the Securities Act of 1933 for an offer and sale of securities that does not involve a public offering. The notes have not been registered under the Securities Act and may not be offered or sold in the United States absent registration or an applicable exemption from registration. This news release does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which it would be unlawful. This offering is conditioned on Tenneco's receipt of requisite consents to certain proposed indenture amendments from holders of its 10-1/4 percent senior secured notes due 2013 in connection with Tenneco's offer to purchase up to $230 million of the aggregate principal amount outstanding of its senior secured notes. Assuming this condition is met, Tenneco expects to deliver the notes on or about November 20, 2007. COMPANY INFORMATION AND FORWARD LOOKING STATEMENTS Tenneco is a $4.7 billion manufacturing company with headquarters in Lake Forest, Illinois and approximately 19,000 employees worldwide. Tenneco 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 -More- -2- aftermarket. Tenneco markets its products principally under the Monroe(R), Walker(R), Gillet(TM) and Clevite(R)Elastomer brand names. The disclosures herein include statements that are "forward looking" within the meaning of federal securities law concerning Tenneco's proposed offering. The terms of, and Tenneco's ability to complete, such transaction will depend upon prevailing market conditions and other factors. The forward-looking statements are subject to these and other risks and uncertainties that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. ### -----END PRIVACY-ENHANCED MESSAGE-----