Icahn bringing $1 billion eight-year notes in Tuesday drive-by

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-) Tuesday following a conference call with investors, according to an informed source.

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.

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