Icahn Enterprises L.P. (NASDAQ: IEP) has announced that it, together with Icahn Enterprises Finance Corp. (together with Icahn Enterprises, the Issuers), has closed two offerings, totaling US$700 million aggregate principal amount of 9.750% Senior Notes due 2029 in a private placement not registered under the Securities Act of 1933, as amended (such offering, the Notes Offering). The Issuers priced their first offering of US$500 million on December 12, 2023, with an additional US$200 million offering priced on December 15, 2023. The net proceeds from the Notes Offering will be used, together with cash on hand, to redeem the Issuers’ existing 4.75% Senior Unsecured Notes due 2024 in full. The Notes Offering closed on December 19, 2023.
Latham & Watkins represented the initial purchaser in the offering with a New York capital markets team led by partners Nathan Ajiashvili and Andrew Baker, with associates Angel Marcial and Amanda Farrish.
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
Lawyers and firms: get featured on Legal Desire
Share your deals, lateral moves, firm news and insights with 1M+ monthly readers: founders, law firm partners, general counsel and practising lawyers across the US, UK, EU and GCC.
Get featuredSubmit a press releaseThe advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
