TYC filing Shelf Registration
April 14 2003 - 8:53AM
UK Regulatory
RNS Number:0053K
Tyco International Ld
14 April 2003
FOR IMMEDIATE RELEASE
TYCO ANNOUNCES FILING OF SHELF REGISTRATION STATEMENT
Pembroke, Bermuda - April 11, 2003 - Tyco International Ltd. (NYSE - TYC, BSX -
TYC, LSE - TYI) today announced that it has filed a registration statement on
Form S-3 with the U.S. Securities and Exchange Commission to register the
offering by the holders thereof on a delayed or continuous basis pursuant to
Rule 415 of the Securities Act of 1933, of $3.0 billion principal amount of
2.750% Series A Convertible Senior Debentures due 2018 and $1.5 billion
principal amount of 3.125% Series B Convertible Senior Debentures due 2023
previously issued through its wholly-owned subsidiary, Tyco International Group
S.A. The debentures are fully and unconditionally guaranteed by Tyco and are
convertible into Tyco common shares at the option of the holder. The
registration statement was filed today pursuant to a registration rights
agreement entered into in January 2003 upon the private placement of the
debentures under Rule 144A of the Securities Act.
The registration statement relating to these securities that has been filed with
the Securities and Exchange Commission has not yet become effective. The
securities may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective except in transactions that are
exempt from the registration requirements of applicable securities law. This
press release shall not constitute an offer to sell or a solicitation of an
offer to buy, nor will there be any sale of these debentures in any state or
jurisdiction in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
state or jurisdiction. Copies of the registration statement, including the
prospectus and prospectus supplement subject to completion contained therein,
are available on the SEC's web site at www.sec.gov and may also be obtained free
of charge by contacting Tyco Investor Relations, 273 Corporate Drive,
Portsmouth, New Hampshire 03801, telephone 603-334-3900.
About Tyco International Ltd.
Tyco International Ltd. is a diversified manufacturing and service company that
operates in more than 100 countries and had fiscal 2002 revenues from continuing
operations of approximately $36 billion.
Forward-Looking Statements
This release may contain certain "forward-looking statements" within the meaning
of the United States Private Securities Litigation Reform Act of 1995. These
statements are based on management's current expectations and are subject to
risks, uncertainty and changes in circumstances, which may cause actual results,
performance or achievements to differ materially from anticipated results,
performance or achievements. All statements contained herein that are not
clearly historical in nature are forward looking and the words "anticipate," "
believe," "expect," "estimate," "plan," and similar expressions are generally
intended to identify forward-looking statements. The forward-looking statements
in this release include statements addressing the following subjects: future
financial condition and operating results. Economic, business, competitive and/
or regulatory factors affecting Tyco's businesses are examples of factors, among
others, that could cause actual results to differ materially from those
described in the forward-looking statements.
More detailed information about these and other factors is set forth in Tyco's
Annual Report on Form 10-K for the fiscal year ended September 30, 2002, and in
Tyco's Quarterly Report on Form 10-Q for the quarter ended December 31, 2002.
Tyco is under no obligation to (and expressly disclaims any such obligation to)
update or alter its forward-looking statements whether as a result of new
information, future events or otherwise.
# # #
Contact: Gary Holmes (Media)
212-424-1314
Kathy Manning (Investors)
603-334-3900
This information is provided by RNS
The company news service from the London Stock Exchange
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