This page includes Regulatory news filings supplied by issuers listed on the BSX. Please note the BSX is not responsible for the content, accuracy or completeness of announcements filed by issuers and disclaims all liability for any loss arising from reliance on information contained within issuer announcements.
Tyco International Announces Extension Of Exchange Offer
| PEMBROKE, Bermuda: Oct 13, 2008 - Tyco International Ltd. (NYSE: TYC, BSX: TYC) ("Tyco International") and Tyco International Finance S.A. ("TIFSA") today announced that they will extend the previously announced exchange offer to exchange their newly registered 7.0% notes due 2019 (the "New 2019 Notes") for an equal amount of their privately placed 7.0% notes due 2019 (the "Outstanding 2019 Notes") and exchange their newly registered 6.875% notes due 2021 (together with the New 2019 Notes, the "New Notes") for an equal amount of their privately placed 6.875% notes due 2021 (together with the Outstanding 2019 Notes, the "Outstanding Notes"). The New Notes will be fully and unconditionally guaranteed by Tyco International and are substantially identical to the Outstanding Notes, except that the New Notes have been registered under the Securities Act of 1933, as amended, and certain transfer restrictions, registration rights and additional interest provisions relating to the Outstanding Notes do not apply to the New Notes.
The registered exchange offer has been extended in order to allow additional Outstanding Notes to be tendered for New Notes. This registered exchange offer was originally set to expire at 5:00 p.m., New York City time, on October 13, 2008. Pursuant to the extension announced today, Tyco International and TIFSA will accept for exchange any and all Outstanding Notes validly tendered and not withdrawn prior to the revised expiration of the exchange offer at 5:00 p.m., New York City time, on October 16, 2008, unless extended. The terms of the exchange offer and other information relating to Tyco International 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 offer. The address, email, telephone and facsimile of Wilmington Trust Company are as follows: By mail, hand delivery or overnight courier:
Wilmington Trust Company
Rodney Square North
1100 North Market Street
Wilmington, DE 19890-1600
By facsimile transmission (for eligible institutions only)
Fax: 302-636-4139
Attention: Corporate Client Services
Telephone: 302-636-6181
Exchange Offer Results as of 11:40 a.m. New York time, October 13, 2008:
Notes Tendered for Exchange
7.0% notes due 2019 88 %
6.875% notes due 2021 94 %
This announcement does not constitute an offer to sell or the solicitation of offers to buy or exchange the New Notes or the Outstanding Notes. The exchange offer is made solely pursuant to the prospectus dated September 11, 2008, including any supplements thereto. ABOUT TYCO INTERNATIONAL Tyco International Ltd. (NYSE: TYC, BSX: 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 INFORMATION 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 Reports on Form 10-Q for the periods ended March 28, 2008 and June 27, 2008. SOURCE Tyco International Ltd. http://www.tyco.com/ |
 |