PEMBROKE, Bermuda, Oct. 13 /PRNewswire-FirstCall/ -- 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and all Outstanding Notes validly tendered and not withdrawn prior to the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.
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Related links:
http://www.tyco.com/
CONTACT:
News Media, Paul Fitzhenry, +1-609-720-4261,
or Investor Relations, Ed Arditte, +1-609-720-4621, or Antonella
Franzen, +1-609-720-4665, all of Tyco International Ltd.
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