Pegasus merger co. announces completion of consent solicitations, amendment of tender offers and termination of change of control offers

New york, july 13, 2022 (globe newswire) -- pegasus merger co. (the “company”), an affiliate of certain investment funds managed by affiliates of apollo global management, inc., announced today that, according to information provided by global bondholder services corporation, the information and tender agent for the company's previously announced cash tender offers (together, the “tender offer”) and consent solicitations (together, the “consent solicitation”), as of 5:00 p.m., new york city time, on july 12, 2022, the company had received tenders and consents from holders of $766,221,000 in aggregate principal amount of tenneco inc.'s (“tenneco”) outstanding 5.125% senior secured notes due 2029 (the “5.125% notes”), representing approximately 95.78% of the total outstanding principal amount of the 5.125% notes, and tenders and consents from holders of $489,332,000 in aggregate principal amount of the 7.875% senior secured notes due 2029 (the “7.875% notes” and together with the 5.125% notes, the “notes”), representing approximately 97.87% of the total outstanding principal amount of the 7.875% notes.
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