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Exhibit (99)
NEWS RELEASE TRW Inc.
1900 Richmond Road
Cleveland, OH 44124 [LOGO] TRW
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For Immediate Release Contact
Jay McCaffrey
216.291.7179
TRW ANNOUNCES SALE OF $2.4 BILLION OF DEBT SECURITIES
CLEVELAND, Ohio, May 26, 1999 -- TRW Inc. (NYSE: TRW), announced today the sale
of $2.4 billion in aggregate principal amount of debt securities. The securities
consist of $400 million aggregate principal amount of 6 1/2% Notes Due 2002,
$700 million aggregate principal amount of 6 5/8% Notes Due 2004, $750 million
aggregate principal amount of 7 1/8% Notes Due 2009, and $550 million aggregate
principal amount of 7 3/4% Debentures Due 2029. The transaction is scheduled to
close June 2, 1999.
The proceeds from the sale of the securities will be used to repay a portion of
the commercial paper borrowings incurred in connection with TRW's acquisition of
LucasVarity plc. The securities have been sold inside the United States and
outside the United States in a private placement under Rule 144A and Regulation
S, respectively, or under other applicable exemptions from registration under
the Securities Act of 1933.
The securities have not been registered under the Securities Act and may not be
offered or sold in the United States absent registration or an applicable
exemption from the registration requirements of the Securities Act. This news
release shall not constitute an offer to sell or the solicitation of an offer to
buy the securities. This news release is being issued pursuant to and in
accordance with Rule 135c under the Securities Act.
TRW provides advanced technology products and services for the global
automotive, aerospace, and information systems markets.
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