Tenneco makes $40 mln early payment on loan

Newswire

MIAMI, Jan 31 (Reuters) - Tenneco Automotive said on Monday it would make a voluntary $40 million cash pre-payment on its $396 million Term Loan B credit facility, which matures in December 2010. The pre-payment will reduce interest expense by about $2 million annually, said the company, which designs and manufactures emission control and ride control products.

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