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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
JPMorgan Chase Agents $4.9B in Credit Facilities for Tenneco
Wednesday, October 3, 2018
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Lenders/Participants
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JPMorgan Chase Bank [Agent]
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Structure
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$3.4B in Term Loans; $1.5B Revolver
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Amount
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$4.900
Million
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Borrower(s)
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Tenneco, Inc.
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Description
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Tenneco Inc., one of the world’s leading designers, manufacturers and marketers of Ride Performance and Clean Air products and technology solutions for automotive and commercial vehicle original equipment markets and the aftermarket, announced that it has completed its acquisition of Federal-Mogul LLC, a leading global supplier to original equipment manufacturers and the aftermarket.. Cash consideration of $800 million was financed through a new senior credit facility that will replace Tenneco’s existing senior credit facilities and certain senior facilities of Federal-Mogul LLC. The new senior credit facility consists of a $1.7 billion term loan A, a $1.7 billion term loan B and a $1.5 billion revolving credit facility. According to an 8K filing, JPMorgan Chase Bank agented the facility.
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Industry
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Manufacturing
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| Related Tags |
JPMorgan Chase Bank
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ABL Advisor
Deal Tables
2025
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