PEMBROKE, Bermuda, Nov. 20 /PRNewswire-FirstCall/ -- Tyco International
Ltd. (NYSE: TYC) (BSX: TYC) today announced the results of its offer to
repurchase its Liquid Yield Option(TM) Notes due 2020 (Zero Coupon-Senior)
(the "LYONs"). The holders' option to surrender their LYONs for repurchase
expired at 5:00 p.m., Eastern Time, on Monday, Nov. 19, 2007.
Tyco has been advised by the trustee, U.S. Bank National Association,
that LYONs with an aggregate principal amount at maturity of $57,000.00,
were validly surrendered for repurchase and not withdrawn, and Tyco has
repurchased all such LYONs. The purchase price for the LYONs was $823.44 in
cash per $1,000 in principal amount at maturity. The aggregate purchase
price for all of the LYONs validly surrendered for repurchase and not
withdrawn was $46,936.08. After the repurchase, a total of $351,000.00 in
principal amount of the LYONs remains outstanding.
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 completed the spin-off of its
healthcare and electronics businesses on June 29, 2007 and today has annual
revenues of more than $18 billion and 110,000 employees. More information
on Tyco can be found at http://www.tyco.com.
NOTE: "Liquid Yield Option" and "LYONs" are Trademarks of Merrill Lynch
& Co., Inc.
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 for the fiscal year ended Sept.
29, 2006, and Quarterly Report on Form 10-Q for the quarterly period ended
June 29, 2007.
SOURCE Tyco International Ltd.
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Related links:
http://www.tyco.com
CONTACT:
Media, Paul Fitzhenry, +1-609-720-4261,
pfitzhenry@tyco.com, or Investor Relations, Ed Arditte,
+1-609-720-4621, or Karen Chin, +1-609-720-4398, all of Tyco
International Ltd.
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