By Cristal Cody
Tupelo, Miss., Sept. 3 – Icahn Enterprises LP and Icahn Enterprises Finance Corp. priced $500 million of five-year senior notes (Ba3/BB+) on Tuesday at par to yield 4¾%, according to a market source.
The notes priced on top of talk.
Jefferies LLC was the bookrunner of the Rule 144A and Regulation S private placement offering.
The notes are guaranteed by Icahn Enterprises Holdings LP.
Proceeds will be used for general limited partnership purposes.
Icahn Enterprises is a diversified holding company based in New York.
| Issuers: | Icahn Enterprises LP and Icahn Enterprises Finance Corp.
|
| Guarantor: | Icahn Enterprises Holdings LP
|
| Amount: | $500 million
|
| Description: | Senior notes
|
| Maturity: | Sept. 15, 2024
|
| Bookrunner: | Jefferies LLC
|
| Coupon: | 4¾%
|
| Price: | Par
|
| Yield: | 4¾%
|
| Call features: | Make-whole call at Treasuries plus 50 bps before June 15, 2024; par thereafter
|
| Change-of-control put: | 101%
|
| Trade date: | Sept. 3
|
| Settlement date: | Sept. 6
|
| Ratings: | Moody’s: Ba3
|
| S&P: BB+
|
| Distribution: | Rule 144A, Regulation S, Private
|
| Price guidance: | 4¾% area
|
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