debt
confidence high
sentiment neutral
materiality 0.60
Icahn Enterprises upsizes note offering to $750M at 9.000%, due 2030; proceeds to redeem 2025 notes
ICAHN ENTERPRISES L.P.
- Offering upsized by $250M from previously announced $500M to $750M aggregate principal.
- Notes bear 9.000% interest, mature in 2030; guaranteed by Icahn Enterprises Holdings L.P.
- Expected closing May 28, 2024, subject to customary conditions.
- Net proceeds to redeem in full the existing 6.375% Senior Unsecured Notes due 2025.
- Offered in private placement under Rule 144A and Regulation S.