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TENNECO TO REDEEM $92.9 MILLION IN DEBT

 HOUSTON, Dec. 23 /PRNewswire/ -- Tenneco Inc. (NYSE: TGT) announced today that its subsidiary Tennessee Gas Pipeline Company will redeem $92.9 million of its 11-1/8 percent debentures due 2013 at 105.64 percent plus accrued interest to Feb. 1, 1993, the redemption date. Notification of this partial redemption will be mailed to the affected debenture holders of record on Dec. 30, 1992. There is $147.4 million of these debentures currently outstanding.
 The company said this action is part of its ongoing program to manage its cost of capital.
 -0- 12/23/92
 /CONTACT: Tom Slocum of Tenneco, 713-757-3430/
 (TGT)


CO: Tenneco Inc. ST: Texas IN: OIL SU:

GK -- NY024 -- 9525 12/23/92 11:28 EST
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Publication:PR Newswire
Date:Dec 23, 1992
Words:118
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