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.
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Guarantor: | Icahn Enterprises Holdings LP
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Amount: | $500 million
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Description: | Senior notes
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Maturity: | Sept. 15, 2024
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Bookrunner: | Jefferies LLC
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Coupon: | 4¾%
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Price: | Par
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Yield: | 4¾%
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Call features: | Make-whole call at Treasuries plus 50 bps before June 15, 2024; par thereafter
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Change-of-control put: | 101%
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Trade date: | Sept. 3
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Settlement date: | Sept. 6
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Ratings: | Moody’s: Ba3
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| S&P: BB+
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Distribution: | Rule 144A, Regulation S, Private
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Price guidance: | 4¾% area
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