Icahn plans to sell $350 million seven-year notes in Monday drive-by

By Paul A. Harris and Aleesia Forni

Virginia Beach, Va., July 29 - Icahn Enterprises LP and Icahn Enterprises Finance Corp. are set to hit Monday's market with an offering of $350 million seven-year senior notes, according to a market source and an 8-K filing with the Securities and Exchange Commission.

Jefferies & Co. is the bank on the Rule 144A and Regulation S with registration rights deal.

The notes will be non-callable for 3.5 years and will then be callable at par plus 75% of the coupon for the first six months.

The company plans to use proceeds for general corporate purposes.

The New York-based diversified holding company scheduled an investor call for 11 a.m. ET on Monday.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.