Icahn Enterprises to redeem 5 7/8% notes from add-on offering

Chicago, Jan. 23 – Icahn Enterprises LP and Icahn Enterprises Finance Corp. plan to use proceeds from an add-on offering to redeem all of their outstanding 5 7/8% senior notes due 2022, according to a news release on Monday.

The issuers previously announced their intent to redeem the 5 7/8% notes on Feb. 1 at par plus accrued interest to but excluding the redemption date.

Icahn priced an upsized two-part add-on deal on Jan. 6 for $500 million with proceeds from that offering also intended for the redemption of the 5 7/8% notes.

Icahn is a New York-based diversified holding company.

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