UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
Current Report
Pursuant To Section 13 or 15(d) of the
Securities Exchange Act of 1934
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Date of Report (Date of earliest event reported): February 21, 2007
TENNECO INC.
(Exact Name of Registrant as Specified in Charter)
Delaware 1-12387 76-0515284
(State or other jurisdiction of (Commission (I.R.S. Employer of
incorporation or organization) File Number) Incorporation
Identification No.)
500 NORTH FIELD DRIVE, LAKE FOREST, ILLINOIS 60045
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (847) 482-5000
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 7.01 REGULATION FD DISCLOSURE.
On February 15, 2007, Tenneco Inc. announced its plans to refinance
its existing $831 million senior credit facility, which will be replaced by a
new $830 million senior credit facility. This transaction is expected to enhance
the company's financial flexibility by extending the expiration of its revolving
line of credit to March 2012; extending the maturities of its term loan
facility; and enhancing covenant flexibility. The refinancing, on the terms
currently proposed, would have lowered the company's 2006 interest expense by
up to $2 million had it been done at the beginning of that year. A copy of the
term sheet for the proposed refinancing is attached hereto as Exhibit 99.1 and
incorporated herein by reference. There can be no assurance, however, that the
refinancing will be completed or that, if completed, it will be on the terms
described in the term sheet.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibit No. Description
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99.1 Term Sheet
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TENNECO INC.
Date: February 21, 2007 By: /s/ Kenneth R. Trammell
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Kenneth R. Trammell
Executive Vice President and
Chief Financial Officer