Tenneco Spin-off Notes

August 7, 2020 – Update

From the conference call:

Armintas Sinkevicius

Yes, that makes sense. That makes sense. Okay. And then just the last one here, I’m guessing this is isn’t top of mind at the moment given the environment, but maybe you can update us on the separation. Has that been completely put on hold for now? Any discussions at all there? Or just how you’re thinking about it here?

Brian Kesseler

Well, obviously with what we’re seeing in the market environment today and kind of the whole capital market structure as it’s been put on hold, we’re always looking at our portfolio from a strategic standpoint. In fact we had to — with a meaningful opportunity that we had — to pause it mid-flight as this pandemic hit. So we’ll be looking to pick that conversation back up at the right time. We