On August 19, 2025, Icahn Enterprises L.P. and Icahn Enterprises Finance Corp. successfully closed their previously announced issuance of $500 million in additional Senior Secured Notes due in 2029. Priced at 99.010% of their face value, these 10.000% Notes were sold pursuant to a purchase agreement established on August 5, 2025, with Jefferies LLC acting as the initial purchaser. The net proceeds of approximately $493 million, after deductions for discounts, commissions, and related expenses, are earmarked to partially redeem the Issuers' existing 6.250% Senior Notes due 2026. The Notes are secured by substantially all assets directly owned by the Issuers and the Guarantor, Icahn Enterprises Holdings L.P. Payments on the Notes are scheduled semi-annually, beginning November 15, 2025. The agreement includes customary representations, warranties, and indemnification provisions to manage liabilities between the parties involved.
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