Tue 11/08/2022 18:22 PM
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Offering Memorandum

U.S.-based auto parts and equipment manufacturer Tenneco is being acquired in a leveraged buyout by Apollo at a $7.1 billion enterprise value. The deal will be financed by a mix of equity, $1 billion senior secured notes, $2.7 billion in term loans, drawings under a new RCF, secured and unsecured bridge facilities, other debt and cash.

The company benefits from a diverse customer base, sticky revenue and the...
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