J.P. Morgan Global High Yield & Leveraged Finance Conference

by Q3 2019 Goal split • $115M DRiV TM (SpinCo) • $85M New Tenneco One-time working capital synergies. Targeted sources of savings: • $125M inventory reduction • $125M accounts payable terms Expect 50% run rate by . Q3 2019. $250M. Run rate goal. by Q3 2020. Run rate goal: 50% by Q3 19 ................
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