Tyco Secures $10 Billion in Bridge Loan Facilities

Tyco International Group S.A., Tyco International Ltd., and certain subsidiaries entered into three bridge loan facilities with an aggregate commitment of $10 billion. The funds will be used to finance tender offers for outstanding public debt as part of Tyco's planned separation.

“On April 25, 2007, Tyco International Group S.A. (“TIGSA”), Tyco International Ltd. (“Tyco”) and certain other subsidiaries of Tyco entered into three bridge loan facilities with the lenders named therein (each, a “Bridge Loan Facility” and together, the “Bridge Loan Facilities”). The aggregate commitment of the lenders under the Bridge Loan Facilities is $10 billion.”

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