secwatch.observer — SEC 8-K summary
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Issuer:     TENNECO INC (—)
CIK:        0001024725
Form:       8-K
Filed at:   2022-11-17T23:59:59+00:00
Accession:  0001193125-22-287303
Event type: m_and_a
Sentiment:  neutral
Materiality: 1.00
Item codes: 1.01, 1.02, 2.01, 3.01, 5.01, 5.02, 5.03, 3.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Apollo completes $20.00/share acquisition of Tenneco; Jim Voss named CEO
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- Each Tenneco share converted to $20 cash; stock delisted from NYSE.
- Jim Voss appointed CEO effective Nov 17, 2022; brings 25+ years industrial experience.
- Tenneco becomes wholly owned subsidiary of Apollo; full board replaced.
- Existing $3.5B credit facility repaid; new $3.3B first-lien and $2.75B bridge facilities entered.
- All $725M senior unsecured notes redeemed; ~$1.29B senior secured notes purchased/called.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1024725/000119312522287303/0001193125-22-287303-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1024725/000119312522287303/d190359d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-22-287303

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer