Icahn to price $300 million taps of 4¾%, 5¼% notes on Monday

By Paul A. Harris

Portland, Ore., Jan. 6 – Icahn Enterprises LP and Icahn Enterprises Finance Corp. plan to price $300 million of senior notes in a quick-to-market Monday trade, which comes in the form of two add-on tranches.

The New York-based diversified holding company’s offering features an add-on to its 4¾% senior notes due Sept. 15, 2024 with initial talk in the 102 area.

The new Icahn Enterprises deal also features an add-on the 5¼% notes due May 15, 2027 with initial talk in the 101.5 area.

Tranche sizes remain to be announced.

The deal was scheduled to be shopped to investors on a late Monday morning conference call.

Jefferies LLC is bookrunner for the Rule 144A and Regulation S with registration rights deal.

Proceeds will be used for general partnership purposes, including the redemption of the existing 5 7/8% senior notes due February 2022.

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