Icahn offers $1 billion eight-year notes; pricing expected Wednesday

By Paul A. Harris

Portland, Ore., Jan. 21 - Icahn Enterprises LP and Icahn Enterprises Finance Corp. plan to price a $1 billion offering of eight-year senior notes (expected ratings Ba3/BBB-) on Wednesday, according to an informed source.

A conference call with investors was scheduled to take place on Tuesday.

Jefferies LLC has the books for the Rule 144A and Regulation S with registration rights offering.

The notes come with 3.5 years of call protection, at which time they become callable for six months at par plus 75% of the coupon.

The New York-based diversified holding company plans to use the proceeds for general corporate purposes.

© 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.