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Outstanding Notes validly tendered and not withdrawn prior to the revised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.
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