Chemical Bank is leading a $2.9 billion credit for Tenneco Inc.'s Case Corp. subsidiary, which is being partially divested through an initial public offering of stock.

Tenneco announced the planned offering Tuesday, confirming published reports that it was seeking to shed part of Case, a leading maker of farm and construction machinery.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.