Icahn Enterprises Secures $500 Million in Senior Secured Notes Offering to Redeem Existing Debt

Reuters
08/20
Icahn Enterprises Secures $500 Million in Senior Secured Notes Offering to Redeem Existing Debt

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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Icahn Enterprises LP published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-080340), on August 19, 2025, and is solely responsible for the information contained therein.

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