top of page

Pegasus Merger Co. Announces Extension of Tender Offers

Tender and Consent Offer Extended


"New York, NY, November 7, 2022– Pegasus Merger Co. (the “Company”), an affiliate of certain investment funds managed by affiliates of Apollo Global Management, Inc., announced today that it has amended the terms of the Company’s previously announced cash tender offers (together, the “Tender Offer”) and consent solicitations (together, the “Consent Solicitation”) to purchase any and all of Tenneco Inc.’s (“Tenneco”) outstanding 5.125% Senior Secured Notes due 2029 (the “5.125% Notes”) and 7.875% Senior Secured Notes due 2029 (the “7.875% Notes” and together with the 5.125% Notes, the “Notes”) to extend the expiration date from 5:00 p.m., New York City time, on November 7, 2022 to 5:00 p.m., New York City Time, on November 14, 2022 (as so extended, and as may be further extended, the “Expiration Date”).


Holders have until the Expiration Date, unless extended or earlier terminated, to tender their Notes pursuant to the Tender Offer. Holders who validly tender Notes after the Early Tender Date but before the Expiration Date will receive the Tender Consideration listed below, which does not include the Early Participation Premium. The Early Tender Date was 5:00 p.m., New York City time, on July 19, 2022. Holders are not entitled to withdraw previously tendered Notes or revoke Consents delivered pursuant to the Consent Solicitation, unless otherwise required by law.


The table below sets forth the consideration payable in connection with the Tender Offer:"




Bloomberg announcement Link.



0 views0 comments

Comments


bottom of page