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TENNECO INC. (NYSE:TEN) Files An 8-K Entry into a Material Definitive Agreement

TENNECO INC. (NYSE:TEN) Files An 8-K Entry into a Material Definitive Agreement

ITEM1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT.

Tenneco Inc. has amended and renewed its North American trade
accounts receivable securitization program. The company extended
the term of both facilities to April30, 2019. The amount of
financing provided by the first priority facility will be
increased to $155million and the amount of financing provided by
the second priority facility, which is subordinated to the first
priority facility, will be decreased to $25million. Both
facilities monetize accounts receivable generated in the U.S. and
Canada that meet certain eligibility requirements, and the second
priority facility also monetizes certain additional receivables
generated in the U.S. and Canada that would otherwise be
ineligible under the first priority facility. The companys
accounts receivable securitization programs, both in North
America and in Europe, provide the company with financing at
costs that are generally favorable to alternative sources of
financing and allow the company to reduce borrowings under its
revolving credit arrangements.

The above summary of the amendments to and renewal of Tennecos
North American trade accounts receivable securitization program
is not complete and is qualified in its entirety by reference to
the terms of the documents effecting the amendments and renewal,
copies of which are filed as Exhibits 10.1 and 10.2 hereto and
are incorporated by reference herein.

ITEM2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN
OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF A
REGISTRANT.

See Item1.01, incorporated herein by reference.

ITEM9.01 FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits

Exhibit

No.

Description
10.1 Amendment No. 7 to Third Amended and Restated Receivables
Purchase Agreement, dated as of April28, 2017
10.2 Amendment No.8 to SLOT Receivables Purchase Agreement, dated
April28, 2017

About TENNECO INC. (NYSE:TEN)
Tenneco Inc. (Tenneco) is a producer of clean air and ride performance products and systems for light vehicle, commercial truck, off-highway and other vehicle applications. The Company operates in six segments: North America Clean Air; North America Ride Performance; Europe, South America and India Clean Air; Europe, South America and India Ride Performance; Asia Pacific Clean Air, and Asia Pacific Ride Performance. Its various brands include Monroe, Rancho, Clevite Elastomers, Axios, Kinetic, Fric-Rot, Walker, XNOx, Fonos, DynoMax and Thrush clean air products. It designs, manufactures and distributes various products and systems designed to reduce pollution and optimize engine performance, acoustic tuning and weight, including catalytic converters and diesel oxidation catalysts; lean nitrogen oxide (NOx) traps; mufflers and resonators; fabricated exhaust manifolds; pipes; hydroformed assemblies; elastomeric hangers and isolators, and aftertreatment control units. TENNECO INC. (NYSE:TEN) Recent Trading Information
TENNECO INC. (NYSE:TEN) closed its last trading session down -1.11 at 59.16 with 961,828 shares trading hands.

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