Tyco International Ltd. Announces Extension Of Exchange Offer for 6% Notes due 2013
April 27 2004 - 10:39AM
PR Newswire (US)
Tyco International Ltd. Announces Extension Of Exchange Offer for
6% Notes due 2013 PEMBROKE, Bermuda, April 27
/PRNewswire-FirstCall/ -- Tyco International Ltd. today announced
that Tyco International Group S.A. has extended its offer to
exchange (the "Exchange Offer") an aggregate principal amount of
$1,000,000,000 of its outstanding 6% Notes due 2013 (the "Old
Notes") that were issued on Nov. 12, 2003 for its new 6% Notes due
2013 (the "Exchange Notes") that have been registered under the
Securities Act of 1933. The current Exchange Offer, scheduled to
expire at 5 p.m., EDT, on April 26, 2004, has been extended until 5
p.m., EDT, on May 3, 2004. Tenders with respect to approximately
$957,742,000 aggregate principal amount of the Old Notes, which
represents 95.77% of the total outstanding principal amount of the
Old Notes, have been received to date. This announcement is not an
offer to sell any securities or a solicitation of any offer to buy
any securities. The exchange offer is being made solely by means of
a prospectus dated March 26, 2004. Tyco International Ltd. is a
diversified manufacturing and service company. Tyco is the world's
leading provider of both electronic security services and fire
protection services; the world's leading supplier of passive
electronic components; a world leader in the medical products
industry; and the world's leading manufacturer of industrial valves
and controls. Tyco also holds a strong leadership position in
plastics and adhesives. Tyco operates in more than 100 countries
and had fiscal 2003 revenues from continuing operations of
approximately $37 billion. FORWARD-LOOKING STATEMENTS 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. 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. More detailed information about these
and other factors is set forth in Tyco's Quarterly Report on Form
10-Q for the fiscal quarter ended December 31, 2003. 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. DATASOURCE: Tyco
International Ltd. CONTACT: News Media, Gwen Fisher,
+1-609-720-4387, or Investor Relations, Ed Arditte,
+1-609-720-4621, John Roselli, +1-609-720-4624, all of Tyco Web
site: http://www.tyco.com/ Company News On-Call:
http://www.prnewswire.com/comp/897850.html
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