TYI Tyco Intl.

RNS Number:9622G
Tyco International Ld
03 February 2003




FOR IMMEDIATE RELEASE


               TYCO ENTERS INTO $1.5 BILLION BANK CREDIT FACILITY

Pembroke, Bermuda - January 31, 2003 - Tyco International Ltd. (NYSE - TYC, BSX
- TYC, LSE - TYI) today announced that Tyco International Group S.A., its
wholly-owned subsidiary, has entered into a new 364-day unsecured revolving bank
credit facility.  This new credit facility provides for borrowing availability
of $1.5 billion for general corporate purposes. Tyco International Group S.A.'s
obligations under the new credit facility will be guaranteed by Tyco
International Ltd. and certain of its material operating subsidiaries.  The
facility was arranged by Banc of America Securities LLC and Morgan Stanley
Senior Funding, Inc.



Chairman and Chief Executive Officer Ed Breen said: "The closing of this bank
credit facility, combined with our recently announced placement of $4.5 billion
in convertible debentures, eliminates the liquidity gap that the company would
have faced later this year.  With these liquidity issues behind us, we can now
focus all our attention on strengthening the operations of Tyco's solid
businesses."



About Tyco International Ltd.


Tyco International Ltd. is a diversified manufacturing and service company.
Tyco 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 (the
"PSLRA").  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.  The PSLRA
safe harbor for forward-looking statements, however, does not apply to
forward-looking statements made in connection with a tender offer, including
debenture holders' right to surrender debentures for purchase.



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. 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)

                    603-778-9700


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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