In the exchange offer, $400,000,000 principal amount of 5.875% Notes due 2004 and $400,000,000 principal amount of 6.125% Notes due 2008, that were privately sold to qualified institutional buyers on November 2, 1998 are being exchanged for a like principal amount of similar notes registered under United States Securities Act 1933.
Tyco International Ltd., a diversified manufacturing and service company, is the world's largest manufacturer and installer of fire protection systems, the largest provider of electronic security services, the largest manufacturer of low control valves, and has strong leadership positions in disposable medical products, plastics and adhesives, electrical and electronic components and underwater telecommunications systems. The company operates in more than 80 countries around the world and has expected fiscal 1999 revenues in excess of $17 billion.