EXHIBIT 99.2

For Immediate Release:

                                
Contact:  Media:                   Investors:
         Maryanne Kane             Jack Blackstock
         (212) 424-1300            (212) 424-1344



                    TYCO CAPITAL MOVES TO ENHANCE LIQUIDITY

    LIVINGSTON, NJ, FEBRUARY 5, 2002--Tyco Capital, the financial services
subsidiary of Tyco International Ltd. (NYSE: TYC, LSE: TYI, BSX: TYC), today
announced that it opted to draw down on its $8.5 billion unsecured bank credit
facilities and is using the proceeds to repurchase the company's outstanding
commercial paper at its scheduled maturities. This action is consistent with the
initiatives discussed during the company's investor conference call held on
February 4, 2002.

    "We are drawing down all our unsecured bank facilities at this time to
maximize the company's flexibility and liquidity." said Albert R. Gamper, Jr.,
President and CEO of Tyco Capital. "For over 55 years, the company has been an
active issuer in the commercial paper market. It is our intent, as an
independent finance company, to return to the commercial paper market with a
dealer based program, committed to maintaining ratings of the highest level for
our commercial paper."

ABOUT TYCO CAPITAL

    Tyco Capital is a leading, global source of financing and leasing capital
and advisor for companies in more than 30 industries. Managing $50 billion in
assets across a diversified portfolio, Tyco Capital empowers many of today's
industry leaders and emerging businesses offering vendor, equipment, factoring,
consumer, and structured financing capabilities. Tyco Capital operates in the
United States and Canada with strategic locations in Europe, Latin and South
America, and the Pacific Rim.

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THIS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS" WITHIN THE MEANING OF THE
PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995. THESE STATEMENTS ARE BASED ON
MANAGEMENT'S CURRENT EXPECTATIONS AND ARE SUBJECT TO RISKS, UNCERTAINTY AND
CHANGES IN CIRCUMSTANCES. ACTUAL RESULTS MAY VARY MATERIALLY FROM THE
EXPECTATIONS CONTAINED IN THE FORWARD-LOOKING STATEMENTS. ALL STATEMENTS
CONTAINED IN THIS RELEASE THAT ARE NOT CLEARLY HISTORICAL IN NATURE ARE
FORWARD-LOOKING, AND THE WORDS "ANTICIPATE," "BELIEVE," "EXPECT," "ESTIMATE,"
"PLAN," AND SIMILAR EXPRESSIONS ARE GENERALLY INTENDED TO IDENTIFY
FORWARD-LOOKING STATEMENTS. THE FOLLOWING FACTORS, AMONG OTHERS, COULD CAUSE
ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE DESCRIBED IN THE FORWARD-LOOKING
STATEMENTS: ECONOMIC, BUSINESS, COMPETITIVE AND REGULATORY FACTORS AFFECTING
TYCO'S AND TYCO CAPITAL'S BUSINESSES AND THE EXECUTION OF ITS PLAN; AND OTHER
FACTORS DESCRIBED IN TYCO'S AND TYCO CAPITAL'S ANNUAL REPORT ON FORM 10-K FOR
THE YEAR ENDED SEPTEMBER 30, 2001.