debt
confidence high
sentiment neutral
materiality 0.70
Icahn Enterprises closes $750M 9% senior notes offering; proceeds to redeem 2025 notes
ICAHN ENTERPRISES L.P.
- Issued $750M aggregate principal of 9.000% Senior Notes due 2030 at par.
- Net proceeds ~$748M after discounts; to redeem existing 6.375% notes due 2025 on June 13, 2024.
- Notes are senior unsecured, guaranteed by Icahn Enterprises Holdings L.P., rank equally with senior unsecured debt.
- Interest payable semi-annually on June 15 and Dec 15, starting Dec 15, 2024; change-of-control put at 101%.
- Indenture includes customary covenants, events of default, and make-whole redemption provisions.