Icahn Enterprises pushes out redemption of 6¼% notes until 2022

By Wendy Van Sickle

Columbus, Ohio, March 22 – Icahn Enterprises LP and Icahn Enterprises Finance Corp. have delayed their previous planned redemption of all of their outstanding 6¼% senior notes due 2022 (Cusips: 451102BJ5, U44927AM0) that was set for March 23, according to an 8-K filing with the Securities and Exchange Commission.

The company now expects to redeem the notes on Feb. 1, 2022 or possibly earlier if some conditions are met.

The company had announced the conditional redemption on Feb. 19 and had previously announced plans to redeem the notes on Feb. 1, but a financing condition was not met by either date.

The redemption price was to be par plus accrued and unpaid interest up to but excluding the redemption date.

The redemption was conditional on the company receiving at least $455 million of proceeds from upcoming debt transactions.

Icahn Enterprises is a New York-based diversified holding company.

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