Tenneco completed its acquisition of Federal-Mogul, a global supplier to original equipment manufacturers and the aftermarket. JPMorgan Chase a served as administrative agent for a$4.9 billion debt financing to support the transaction.
Tenneco signed a definitive agreement to acquire Federal-Mogul from Icahn Enterprises. After closing, Tenneco will split the businesses into two public companies. JPMorgan and Barclays provided $4.9 billion of debt financing to support the transaction.
Tenneco is refinancing its credit existing facility with a new $2 billion facility consisting of a $1.6 billion revolver and a $400 million term loan. JPMorgan Chase served as administrative agent for the lenders.
Tenneco entered into a new $1.5 billion senior credit facility. According to the company’s 8-K filing, JPMorgan Chase Bank served as administrative agent.