LAKE FOREST, Ill. (Dec. 28, 2010)—Tenneco Inc. said it successfully completed a consent solicitation concerning its outstanding $500 million 8 5/8 percent senior subordinated notes due 2014.
The company made a cash tender offer on Dec. 9 for the notes. As of Dec. 22, Tenneco said it had received tenders and consents amounting to about $480 million.
The tender offer by the company—which makes Clevite Elastomer brand products among a wide range of automotive-related goods—is scheduled to expire on Jan. 6, 2011