Icahn enterprises l.p. announces pricing of senior notes

Sunny isles beach, fla., april 08, 2021 (globe newswire) -- icahn enterprises l.p. (nasdaq: iep) announced today that it, together with icahn enterprises finance corp. (together with icahn enterprises, the “issuers”), priced their offering of $455,000,000 aggregate principal amount of additional 5.250% senior notes due 2027 (the “notes”) at an offering price of 102.000%, plus accrued interest from november 15, 2020, in a private placement not registered under the securities act of 1933, as amended (the “securities act”) (such offering, the “notes offering”). the notes offering is expected to close on april 12, 2021, subject to customary closing conditions. the notes will be issued under the indenture dated as of december 12, 2019, by and among the issuers, icahn enterprises holdings l.p., as guarantor (the “guarantor”), and wilmington trust, national association, as trustee, and will be guaranteed by the guarantor. the net proceeds from the notes offering will be used to redeem all of the issuers' existing 6.250% senior notes due 2022 pursuant to the issuers' previously announced notice of conditional redemption. there can be no assurance that the issuance and sale of any debt securities will be consummated, that the conditions precedent to the redemption will be satisfied, or that the redemption will occur.
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