Icahn Enterprises enters $400M at-the-market equity offering with Jefferies

ICAHN ENTERPRISES L.P.

Sales Agreement with Jefferies LLC authorizes sale of up to $400M in depositary units (IEP) at-the-market.
Jefferies will receive commission of up to 2.00% of gross sales price per unit sold.
Net proceeds to fund potential acquisitions and for general limited partnership purposes.
Depositary units registered under shelf registration statement effective July 26, 2022.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

ICAHN ENTERPRISES L.P. entered into Open Market Sales Agreement with Jefferies LLC valued at up to $400,000,000 (effective 2022-11-21).

Action: entry
Agreement: atm program
Counterparty: Jefferies LLC
Value: up to $400,000,000
Effective: 2022-11-21

Exact text from the filing

On November 21, 2022, Icahn Enterprises L.P. (the “Company”) entered into an open market sales agreement (the “Sales Agreement”) with Jefferies LLC (the “Agent”). Pursuant to the terms of the Sales Agreement, the Company may issue and sell the Company’s depositary units representing limited partner interests (the “Depositary Units”) having an aggregate offering amount of up to $400,000,000 from time to time through the Agent.

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ICAHN ENTERPRISES L.P. filing history →

Source: SEC EDGAR

accession 0001104659-22-120849

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