Tenneco Inc. Class A Voting (TEN) News

Tenneco Inc. Class A Voting (TEN): $19.99

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TEN News Highlights

  • For TEN, its 30 day story count is now at 17.
  • Over the past 22 days, the trend for TEN's stories per day has been choppy and unclear. It has oscillated between 1 and 4.
  • The most mentioned tickers in articles about TEN are BEAT, LOAN and ALSN.

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.

Yahoo | November 17, 2022

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.

Yahoo | November 17, 2022

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

Yahoo | November 17, 2022

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

Yahoo | November 15, 2022

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

Yahoo | November 14, 2022

Tenneco Announces Extension of Redemption Date for 5⅜% Senior Notes due 2024 and 5.0% Senior Notes due 2026

Tenneco Inc. (NYSE: TEN) ("Tenneco") today announced that it has extended the redemption date for its previously announced full redemption of all of its outstanding 5⅜% Senior Notes due 2024 (the "2024 Notes") and all of its outstanding 5.0% Senior Notes due 2026 (the "2026 Notes" and, together with the 2024 Notes, the "Notes") from the scheduled date on November 14, 2022 to November 17, 2022, subject to being further extended or rescinded if the conditions set forth in Tenneco's New Conditional

Yahoo | November 10, 2022

Auto Roundup: Key Tidbits From Q3 Reports of GT, CMI, LEA, CVNA & TEN

While Lear posts a comprehensive beat, Goodyear Tire (GT), Carvana (CVNA), Tenneco (YEN) and Cummins (CMI) lag earnings estimates.

Yahoo | November 7, 2022

Tenneco (TEN) Q3 Earnings Miss, Sales Surpass Estimates

Tenneco (TEN) incurs Q3 loss of 14 cents a share on account of high costs. Meanwhile, revenues top estimates as well as rise year over year.

Yahoo | November 4, 2022

Tenneco to move Chicago-area headquarters to Michigan after its sale to Apollo

The auto parts maker says it will maintain a presence in the Chicago area, including keeping its 1,200 employees in Skokie.

Yahoo | November 3, 2022

Banks Offer Steep Discounts on Tenneco’s $2.4 Billion LBO Debt Sale

(Bloomberg) -- A group of banks led by Bank of America Corp. and Citigroup Inc. is offering steep discounts on a $2.4 billion debt sale to help fund the buyout of auto-parts maker Tenneco Inc. by Apollo Global Management Inc. in an attempt to offload some of the risk to investors.Most Read from BloombergChief Justice Temporarily Stops Release of Trump Tax ReturnsLottery Winner Keeps $30 Million Jackpot Secret From Wife and ChildEven More Dry Shampoos Found to Have Cancer-Causing AgentChina Marke

Yahoo | November 1, 2022

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