debt
confidence high
sentiment neutral
materiality 0.50
Icahn Enterprises conditions redemption of 6.375% notes due 2025 on closing of 9% notes offering
ICAHN ENTERPRISES L.P.
- Full redemption of all outstanding 6.375% Senior Unsecured Notes due 2025 on June 13, 2024 at 100% principal plus accrued interest.
- Redemption conditional on closing of previously announced 9.000% Senior Unsecured Notes due 2030 offering, expected May 28, 2024.
- Proceeds from the 9% notes offering will be used to fund the redemption; no 2025 notes will remain outstanding after redemption.
- Redemption subject to customary conditions; no assurance that conditions will be satisfied or redemption will occur.