HOUSTON - Tenneco Inc said it had received a $1.4 billion revolving credit that replaced a facility scheduled to mature in February 1993.
J.P. Morgan & Co. is the agent. The lenders are a group of U.S. and international banks. The arrangement provides Tenneco short-term funding for general corporate purposes.
In seeking financing, Tenneco said it received commitments from 41 banks for more than $1.9 billion.