Tenneco, Inc., founded in 1940 and headquartered in Lake Forest, Illinois, is a global automotive supplier specializing in clean air and ride performance products. The company designs, engineers, and manufactures critical components for both original equipment and aftermarket customers, including exhaust systems and shock absorbers.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| TEN 8.00% 2028-11-17 USDTenneco, Inc. | United States | 2028-11-17 | 8.000 | 7.79 |
| TEN 8.00% 2028-11-17 USDTenneco, Inc. | United States | 2028-11-17 | 8.000 | 7.88 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Tenneco began issuing bonds in the early 1990s to finance growth initiatives, notably participating in the high-yield bond market. In recent years, the company announced a significant bond issuance of $600 million in 2021, which was primarily used to refinance existing debt and improve financial flexibility. Currently, Tenneco's bonds offer yields that are competitive within the automotive supply sector, and in light of recent restructuring efforts, investors are closely monitoring their credit ratings and any potential upgrades in the near future.