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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Date of report (Date of earliest event reported): MARCH 22, 2001
TENNECO AUTOMOTIVE INC.
(Exact Name of Registrant as Specified in Charter)
DELAWARE 1-12387 76-0515284
(State or Other (Commission (IRS Employer
Jurisdiction of Incorporation) File Number) Identification No.)
500 NORTH FIELD DRIVE, LAKE FOREST, ILLINOIS 60045
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (847) 482-5000
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ITEM 5. OTHER EVENTS.
On March 22, 2001, Tenneco Automotive Inc. announced that it had reached
agreement with its senior lenders to amend various provisions of its senior
credit facility. The amendments will relax the financial ratios under the
facility for each quarter of 2001. The following table shows the revised
financial ratios for 2001:
Consol. Consol. Interest Consol. Fixed Charge
Leverage Ratio Coverage Ratio Coverage Ratio
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First Quarter 2001 6.00 1.40 0.60
Second Quarter 2001 6.25 1.35 0.55
Third Quarter 2001 6.00 1.40 0.65
Fourth Quarter 2001 5.50 1.55 0.80
A copy of the press release announcing the amendment of the company's senior
credit facility, as well as the text of the amendment agreement, is filed as an
exhibit to this Form 8-K report, and is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
Exhibit
Number Description
4.1 Second Amendment to Credit Agreement, dated as of March 22,
2001, by and among Tenneco Automotive Inc., The Chase
Manhattan Bank as administrative agent and the lenders party
thereto.
99.1 Press Release, dated March 22, 2001, announcing the amendment
of the Tenneco Automotive senior credit facility.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
TENNECO AUTOMOTIVE INC.
Date: March 23, 2001 By: /s/ Mark A. McCollum
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Mark A. McCollum
Senior Vice President and Chief Financial Officer
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EXHIBIT INDEX
Exhibit
Number Description
4.1 Second Amendment to Credit Agreement, dated as of March 22,
2001, by and among Tenneco Automotive Inc., The Chase
Manhattan Bank as administrative agent and the lenders party
thereto.
99.1 Press Release, dated March 22, 2001, announcing the amendment
of the Tenneco Automotive senior credit facility.
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