US8803491054 - Common Stock
TENNECO INC-CLASS A
NYSE:TEN (11/16/2022, 7:04:00 PM)
After market: 19.99 0 (0%)19.99
0 (0%)
Tenneco, Inc. engages in the design, manufacture, market and sale of innovative clean air, powertrain and ride performance products and systems. The company is headquartered in Skokie, Illinois and currently employs 71,000 full-time employees. The firm operates through four segments: Motorparts, Performance Solutions, Clean Air, and Powertrain. The Motorparts segment designs, manufactures, sources, markets, and distributes a portfolio of brand-name products in the global vehicle aftermarket while also servicing the original equipment service (OES) market. Its Motorparts products are marketed and sold under brand names, including Monroe, Champion, MOOG, Walker, Fel-Pro and others. The Performance Solutions segment designs, manufactures, markets, and distributes a variety of products and systems designed to optimize the ride experience. The Clean Air segment designs, manufactures, and distributes a range of products and systems designed to reduce pollution and optimize engine performance, acoustic tuning, and weight on various vehicles.
TENNECO INC-CLASS A
7450 N. Mccormick Blvd.
Skokie ILLINOIS 60045
P: 18474825000.0
CEO: Brian J. Kesseler
Employees: 71000
Website: https://www.tenneco.com/
A group of lenders led by Royal Bank of Canada launched a roughly $365 million bond sale to offload debt they’ve been stuck with since Apollo Global Management Inc.’s buyout of Tenneco Inc. in 2022.
For months on end, Wall Street banks were stuck holding $5.4 billion of debt for Apollo Global Management Inc.’s leveraged buyout of Tenneco Inc. as the Federal Reserve’s rate hikes rattled credit markets — and would-be buyers disappeared.
The amount of risky corporate debt stuck on the balance sheets of Wall Street banks this year swelled to nearly $43 billion as Apollo Global Management Inc. completed its leveraged buyout of auto-parts maker Tenneco Inc.
Tenneco Inc.'s (TEN) $20/share sale to Apollo Global(APO) has been completed as of Thursday.As a result of the deal, Tenneco’s (TEN) common stock no longer trades on the New York...
A group of banks led by Citigroup Inc. and Bank of America Corp. are preparing to fund about $5.4 billion of debt helping to finance the leveraged buyout of auto-parts maker Tenneco Inc., according to people with knowledge of the matter.
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