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Tyco Commences Registered Exchange Offer
Hamilton, Bermuda - 12 September, 2008 - Tyco International Ltd. (NYSE: TYC)(BSX: TYC) ("Tyco") and Tyco International Finance S.A. ("TIFSA") today announced that they have commenced registered exchange offers to exchange (i) up to $421,961,000 of Tyco and TIFSA's newly registered 7.0% Notes due 2019 (the "2019 Exchange Notes") for an equal amount of its privately placed 7.0% Notes due 2019 (the "2013 Original Notes") and (ii) up to $707,404,000 of Tyco and TIFSA's newly registered 6.875% Notes due 2021 (the "2021 Exchange Notes" and together with the 2019 Exchange Notes, the "Exchange Notes") for an equal amount of its privately placed 6.875% Notes due 2021 (the "2021 Original Notes" and together with the 2019 Original Notes, the "Original Notes"). The Exchange Notes are substantially identical to the Original Notes, except that the Exchange Notes have been registered under the Securities Act of 1933, as amended, and will not bear any legend restricting their transfer.
Tyco and TIFSA will accept for exchange any and all Original Notes validly tendered and not withdrawn prior to the expiration of the exchange offers at 5:00 p.m., New York City time, on October 14, 2008, unless extended.
The terms of the exchange offers and other information relating to Tyco and TIFSA are set forth in a prospectus dated September 11, 2008. Copies of the prospectus and the related letters of transmittal may be obtained from Wilmington Trust Company, which is serving as the exchange agent for the exchange offers. Wilmington Trust Company's address, telephone and facsimile number are as follows:
Wilmington Trust Company Rodney Square North 1100 North Market Street Wilmington, DE 19890-1600 Fax: 302-636-4139 Attention: Corporate Client Services Confirm by telephone: Tel: 302-636-6181
This announcement is neither an offer to sell nor a solicitation of an offer to buy or exchange the Exchange Notes or the Original Notes. The exchange offers are made solely pursuant to the prospectus dated September 11, 2008, including any supplements thereto.
ABOUT TYCO INTERNATIONAL
Tyco International (NYSE: TYC) is a diversified, global company that provides vital products and services to customers in more than 60 countries. Tyco is a leading provider of security products and services, fire protection and detection products and services, valves and controls, and other industrial products. Tyco had 2007 revenue of more than $18 billion and has 110,000 employees worldwide. More information on Tyco can be found at http://www.tyco.com/.
FORWARD-LOOKING STATEMENTS
This release may contain certain "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations and are subject to risks, uncertainty and changes in circumstances, which may cause actual results, performance or achievements to differ materially from anticipated results, performance or achievements. All statements contained herein that are not clearly historical in nature are forward-looking and the words "anticipate," "believe," "expect," "estimate," "plan," and similar expressions are generally intended to identify forward-looking statements. Economic, business, competitive and/or regulatory factors affecting Tyco's businesses are examples of factors, among others, that could cause actual results to differ materially from those described in the forward-looking statements. Tyco is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise. More detailed information about these and other factors is set forth in Tyco's Annual Report on Form 10-K for the fiscal year ended September 28, 2007 and Tyco's Quarterly Report on Form 10-Q for the period ended June 27, 2008.
SOURCE: Tyco International Ltd.
CONTACT: Media, Paul Fitzhenry, +1-609-720-4261; Investor Relations, Ed
Arditte, +1-609-720-4621 or Antonella Franzen, +1-609-720-4665, all of Tyco
International Ltd.
Web site: http://www.tyco.com/