PEMBROKE, Bermuda, May 10 /PRNewswire-FirstCall/ -- Tyco International
Ltd. ("Tyco") (NYSE: TYC; BSX) today announced that, with respect to the
tender offers of Tyco International Group S.A. ("TIGSA") for all of its
outstanding Euro and Pound Sterling denominated public debt issued under
its Euro Medium Term Note Programme (the "EMTN Notes"), acceptance notices
have been received for EMTN Notes as set out in the table below.
EMTN Notes For Which Acceptance Notices Have Been Received
All withdrawal rights of holders who have delivered acceptance notices
with respect to these EMTN Notes prior to 5:00 p.m. London time on May 10,
2007 have now terminated. Accordingly, those tendering holders who have
delivered acceptance notices before that time may no longer withdraw the
acceptance notices relating to their EMTN Notes. The early submission date
for the EMTN Notes has not been extended. All holders who delivered an
acceptance notice will be automatically deemed to have voted in favor of the
proposed amendments to the fiscal agency agreement under which the EMTN Notes
were issued.
Approximate
Tyco Approximate Amount of Percentage of
International Outstanding EMTN Notes EMTN Notes
Group S.A. ISIN Amount Tendered Tendered
5.50%
Guaranteed
Notes due
2008 XS0139036387 euro 685,000,000 euro 522,058,000 76.21%
6.50%
Guaranteed
Notes due
2011 XS0139085327 200,000,000 157,003,000 78.50%
pounds sterling pounds
6.50%
Guaranteed
Notes due
2031 XS0139083629 285,000,000 276,445,000 97.00%
pounds pounds
Payment of the purchase price and the early submission amount, if
applicable, on the EMTN Notes will be made on the settlement date currently
expected to be May 29, 2007, if such EMTN Notes are accepted for payment.
Information Relating to Tender Offers
Investors with questions regarding the offer for the EMTN Notes may
contact Goldman Sachs International at +44 20 7774 9508 and Morgan Stanley
& Co. International plc at +44 20 7677 5319. Global Bondholder Services
Corporation is the Information Agent and can be contacted at +1 (212) 430-
3774. Citibank N.A. is the Tender Agent and can be contacted on +44 20 7508
3867 and Deutsche Bank Luxembourg S.A. is the Luxembourg Tender Agent and
can be contacted on +352 421 22 639.
Tyco and its subsidiaries expressly reserve the right, in their sole
discretion, subject to applicable law to: (i) terminate prior to the
relevant expiration date any tender offer and consent solicitation and not
accept for payment any notes not theretofore accepted for payment; (ii)
waive on or prior to the relevant expiration date any and all of the
conditions of the tender offer and the consent solicitation; (iii) extend
the relevant expiration date; and (iv) amend the terms of any tender offer
or consent solicitation.
This press release is for informational purposes only and is not an
offer to buy, or the solicitation of an offer to sell, any of the notes.
The full details of the tender offers have been included in the tender
offer and consent solicitation memorandum for the EMTN Notes. Holders are
strongly encouraged to read carefully the tender offer and consent
solicitation memorandum for the EMTN Notes because it contains important
information.
This press release does not constitute an offer or a solicitation to
purchase any notes. The EMTN Tender Offers do not constitute a public
tender offer for the purchase of EMTN Notes nor a public offering of
financial instruments to any person to whom it is unlawful to make such an
offer. No offer will be made for the EMTN Notes within the United States or
within the Republic of Italy. Acceptance notices with respect to the EMTN
Notes made by a resident of the United States or Italy, by any agent,
fiduciary or other intermediary acting on a non-discretionary basis for a
principal giving instructions from within the United States or within the
Republic of Italy, or by any U.S. or Italian person, as the case may be,
will not be accepted.
Forward-Looking Statements
This release may contain certain forward-looking statements. 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.
The forward- looking statements in this release include statements
addressing the following subjects: future financial condition and operating
results. 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 and 10-K/A for the fiscal year
ended Sept. 29, 2006 and in Tyco's Quarterly Report on Form 10-Q and for
the fiscal quarter ended March 30, 2007.
SOURCE Tyco International Ltd.
 back to top
Related links:
http://www.tyco.com/
CONTACT:
Media, Sheri Woodruff, +1-609-720-4399,
swoodruff@tyco.com, or Investors, Ed Arditte, +1-609-720-4621, or
Karen Chin, +1-609-720-4398, all for Tyco International Ltd.
|
