SUNNY ISLES BEACH, Fla., April 08, 2021 (GLOBE NEWSWIRE) — Icahn Enterprises L.P. (NASDAQ: IEP) introduced at the moment that it, along with Icahn Enterprises Finance Corp. (along with Icahn Enterprises, the “Issuers”), priced their providing of $455,000,000 combination principal quantity of extra 5.250% Senior Notes due 2027 (the “Notes”) at an providing worth of 102.000%, plus accrued curiosity from November 15, 2020, in a personal placement not registered beneath the Securities Act of 1933, as amended (the “Securities Act”) (such providing, the “Notes Providing”). The Notes Providing is anticipated to shut on April 12, 2021, topic to customary closing circumstances. The Notes shall be issued beneath the indenture dated as of December 12, 2019, by and among the many Issuers, Icahn Enterprises Holdings L.P., as guarantor (the “Guarantor”), and Wilmington Belief, Nationwide Affiliation, as trustee, and shall be assured by the Guarantor. The web proceeds from the Notes Providing shall be used to redeem all the Issuers’ current 6.250% Senior Notes due 2022 pursuant to the Issuers’ beforehand introduced discover of conditional redemption. There may be no assurance that the issuance and sale of any debt securities shall be consummated, that the circumstances precedent to the redemption shall be glad, or that the redemption will happen.
The Notes and associated ensures are being supplied solely (1) in the US to individuals moderately believed to be certified institutional patrons in reliance on Rule 144A beneath the Securities Act and (2) exterior the US to individuals aside from “U.S. individuals” in compliance with Regulation S beneath the Securities Act. The Notes and associated ensures haven’t been registered beneath the Securities Act or the securities legal guidelines of every other jurisdiction and might not be supplied or bought in the US absent registration or an relevant exemption from the registration necessities.
This press launch is being issued pursuant to and in accordance with Rule 135c beneath the Securities Act. This press launch shall not represent a proposal to promote or a solicitation of a proposal to purchase any securities of the Issuers.
About Icahn Enterprises L.P.
Icahn Enterprises L.P. (NASDAQ: IEP), a grasp restricted partnership, is a diversified holding firm engaged in eight major enterprise segments: Funding, Power, Automotive, Meals Packaging, Metals, Actual Property, Residence Style and Pharma.
Warning Regarding Ahead-Wanting Statements
This launch accommodates sure statements which are, or could also be deemed to be, “forward-looking statements” throughout the that means of the Personal Securities Litigation Reform Act of 1995, lots of that are past our capacity to manage or predict. Ahead-looking statements could also be recognized by phrases akin to “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “will” or phrases of comparable that means and embrace, however should not restricted to, statements in regards to the anticipated future enterprise and monetary efficiency of Icahn Enterprises L.P. and its subsidiaries. Precise occasions, outcomes and outcomes could differ materially from our expectations resulting from a wide range of identified and unknown dangers, uncertainties and different elements, together with dangers associated to financial downturns, substantial competitors and rising working prices; dangers associated to the severity, magnitude and period of the COVID-19 pandemic and its impression on the worldwide economic system, monetary markets and industries wherein our subsidiaries function; dangers associated to our funding actions, together with the character of the investments made by the non-public funds wherein we make investments, declines within the truthful worth of our investments because of the COVID-19 pandemic, losses within the non-public funds and lack of key staff; dangers associated to our capacity to proceed to conduct our actions in a fashion in order to not be deemed an funding firm beneath the Funding Firm Act of 1940, as amended; dangers associated to our power enterprise, together with the volatility and availability of crude oil, different feed shares and refined merchandise, declines in world demand for crude oil, refined merchandise and liquid transportation fuels because of the COVID-19 pandemic, unfavorable refining margin (crack unfold), interrupted entry to pipelines, vital fluctuations in nitrogen fertilizer demand within the agricultural business and seasonality of outcomes; dangers associated to our automotive actions and publicity to hostile circumstances within the automotive business, together with because of the COVID-19 pandemic; dangers associated to our meals packaging actions, together with competitors from higher capitalized rivals, incapability of our suppliers to well timed ship uncooked supplies, and the failure to successfully reply to business adjustments in casings expertise; dangers associated to our scrap metals actions, together with potential environmental publicity; dangers associated to our actual property actions, together with the extent of any tenant bankruptcies and insolvencies; dangers associated to our residence style operations, together with adjustments within the availability and worth of uncooked supplies, and adjustments in transportation prices and supply instances; and different dangers and uncertainties detailed once in a while in our filings with the Securities and Change Fee. Moreover, there could also be different elements not presently identified to us or which we presently contemplate to be immaterial that will trigger our precise outcomes to vary materially from the forward-looking statements. Previous efficiency in our Funding section is just not indicative of future efficiency. We undertake no obligation to publicly replace or assessment any forward-looking info, whether or not because of new info, future developments or in any other case.
Chief Monetary Officer