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American Real Estate Partners to start roadshow Wednesday for $300 million offering
By Paul A. Harris
St. Louis, April 27 - American Real Estate Partners LP will hold a roadshow Wednesday through May 6 for its proposed $300 million offering of eight-year senior notes, according to a market source.
Bear Stearns & Co. will run the books on the Rule 144A offering.
The notes will come with four years of call protection.
Proceeds will be used for general business purposes, including investments and acquisitions.
The issuer is a Mount Kisco, N.Y.-based master limited partnership with investments in rental real estate, hotel and resort properties, land sales, housing and condominium development, and investment securities. Carl Icahn is chairman of the board of the general partner.
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