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Tenneco refinances credit lines, extends terms

Associated Press | Auto parts supplier Tenneco Inc. said Friday that it has reached a deal
with lenders to raise some of its credit lines and extend their terms.

The Lake Forest company said its $550 million revolving credit facility
will rise to $622 million until March 16, 2012, when $66 million worth
of commitments from other lenders expire. After that, the revolver will
total $556 million and mature on May 31, 2014, the company said in a
statement.

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