Tenneco Inc. Class A Voting (TEN): Price and Financial Metrics
TEN Price/Volume Stats
|Current price||$19.99||52-week high||$19.99|
|Prev. close||$19.99||52-week low||$9.51|
|Day high||$19.99||Avg. volume||1,881,571|
|50-day MA||$18.87||Dividend yield||N/A|
|200-day MA||$17.59||Market Cap||1.67B|
TEN Stock Price Chart Interactive Chart >
Tenneco Inc. Class A Voting (TEN) Company Bio
Tenneco Inc. designs, manufactures, and sells clean air and ride performance products and systems for light vehicle, commercial truck, off-highway, and other vehicle applications worldwide. The company was founded in 1987 and is based in Lake Forest, Illinois.
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Latest TEN News From Around the Web
Below are the latest news stories about TENNECO INC that investors may wish to consider to help them evaluate TEN as an investment opportunity.
Banks fund Tenneco buyout after failed sale attempt
A group of banks led by Bank of America and Citigroup have funded Apollo Global Management's acquisition of auto parts supplier Tenneco without being able to sell down a portion of the $5.4 billion debt they are providing, sources close to the deal said. Since Nov. 3, banks have offered the Tenneco debt at a steep discount - a $1.4 billion loan at 84 to 85 cents on the dollar and a $1 billion bond with an 8% coupon and an all-in yield of 12%. Bank of America and Citigroup declined to comment.
Wall Street banks fail to find buyers for $2.4bn in Tenneco debt
Wall Street lenders led by Citigroup and Bank of America have been forced to wire a $5.45bn cheque to private equity giant Apollo Global Management to fund its takeover of auto-parts maker Tenneco, cash they came up with themselves after struggling to raise the money through credit markets. While the banks have not yet shelved the bond and loan offerings, two people briefed on the matter said that the two borrowings were not going well and could end up being pulled. The capital raising for the $7.1bn Tenneco deal, which was agreed in February, has been a thorn in the side of the banks for months now.
Wall Street’s Hung Debt Swells to $43 Billion as Tenneco Closes
(Bloomberg) -- 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.Most Read from BloombergGOP Retakes US House by Slim Margin in Washington Power ShiftXi Looks Away From Putin Toward West in World Stage ReturnFTX’s New Boss Reveals Chaos Left Behind by Bankman-FriedElizabeth Holmes Says US Is Wrong to Suggest She Marry Her Partne
Wall Street’s $38 Billion Loan Backlog Curbs New Bank Lending
(Bloomberg) -- Wall Street is struggling to whittle down the roughly $37.5 billion in risky corporate loans stuck on their books -- and the pile of so-called hung debt may be about to swell further as another large buyout financing stumbles.Most Read from BloombergUkraine Latest: Biden Says Missile Likely Not Fired From RussiaPoland Says Russian-Made Missile Hit Territory and Killed Two PeopleMusk Steps Up Purge of Twitter Engineers Who Criticize HimTrump Makes His 2024 Run Official, Defies Call
Citi, BofA-Led Banks Prepare to Fund $5.4 Billion Tenneco Debt
(Bloomberg) -- 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.Most Read from BloombergFTX’s Balance Sheet Was BadChina Plans Property Rescue in Latest Surprise Policy ShiftBiden, Xi Chart Path to Warmer Ties With Blinken China VisitUS Stocks, Bonds Drop as Fed Signals Further Hikes: Markets WrapFTX Latest: Bi
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Continue Researching TENWant to see what other sources are saying about Tenneco Inc's financials and stock price? Try the links below:
Tenneco Inc (TEN) Stock Price | Nasdaq
Tenneco Inc (TEN) Stock Quote, History and News - Yahoo Finance
Tenneco Inc (TEN) Stock Price and Basic Information | MarketWatch
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