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Tyco Announces Renegotiation of Credit Facilities

07 7 2003

PEMBROKE, Bermuda: November 6, 2003 - Tyco International Ltd. (NYSE: TYC, BSX: TYC, LSE: TYI) today announced that it has commenced the negotiation of new bank credit facilities of $2.5 billion, consisting of both a three-year and a 364-day revolving credit facility. The new facilities will replace the $1.5 billion undrawn 364-day revolving credit facility, due to expire at the end of January 2004, and the $2 billion drawn 5-year revolving credit facility, due to expire in February 2006.

ABOUT TYCO INTERNATIONAL LTD.

Tyco International Ltd. is a diversified manufacturing and service company. Tyco operates in more than 100 countries and had fiscal 2003 revenues from continuing operations of approximately $37 billion.