SUNNY ISLES BEACH, Fla., April 12, 2021 (GLOBE NEWSWIRE) — Icahn Enterprises L.P. (NASDAQ: IEP) introduced right this moment that it, along with Icahn Enterprises Finance Corp. (along with Icahn Enterprises L.P., the “Issuers”), consummated their providing of $455,000,000 mixture principal quantity of 5.250% Senior Notes due 2027 (the “Notes”) in a non-public placement not registered underneath the Securities Act of 1933, as amended (the “Securities Act”) (such providing, the “Notes Providing”). The Notes had been issued underneath an 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 are 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 on or in regards to the date hereof, pursuant to the Issuers’ beforehand introduced discover of conditional redemption.
The Notes and associated assure had been made solely (1) in america to individuals fairly believed to be certified institutional consumers in reliance on Rule 144A underneath the Securities Act and (2) exterior america to individuals apart from “U.S. individuals” in compliance with Regulation S underneath the Securities Act. The Notes and associated assure haven’t been registered underneath the Securities Act or the securities legal guidelines of another jurisdiction and is probably not supplied or bought in america absent registration or an relevant exemption from the registration necessities.
This press launch is being issued pursuant to and in accordance with Rule 135c underneath the Securities Act. This press launch shall not represent a suggestion to promote or a solicitation of a suggestion 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 main enterprise segments: Funding, Vitality, Automotive, Meals Packaging, Metals, Actual Property, Residence Vogue and Pharma.
Warning Regarding Ahead-Wanting Statements
This launch incorporates sure statements which are, or could also be deemed to be, “forward-looking statements” throughout the that means of the Non-public 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 comparable 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 attributable to quite a lot of recognized 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 affect 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 honest worth of our investments on account of the COVID-19 pandemic, losses within the non-public funds and lack of key workers; dangers associated to our capacity to proceed to conduct our actions in a fashion in order to not be deemed an funding firm underneath the Funding Firm Act of 1940, as amended; dangers associated to our vitality 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 on account of the COVID-19 pandemic, unfavorable refining margin (crack unfold), interrupted entry to pipelines, important fluctuations in nitrogen fertilizer demand within the agricultural business and seasonality of outcomes; dangers associated to our automotive actions and publicity to antagonistic circumstances within the automotive business, together with on account of the COVID-19 pandemic; dangers associated to our meals packaging actions, together with competitors from higher capitalized rivals, lack of ability of our suppliers to well timed ship uncooked supplies, and the failure to successfully reply to business modifications 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 house trend operations, together with modifications within the availability and value of uncooked supplies, and modifications in transportation prices and supply occasions; and different dangers and uncertainties detailed now and again in our filings with the Securities and Change Fee. Moreover, there could also be different elements not presently recognized to us or which we at the moment contemplate to be immaterial that will trigger our precise outcomes to vary materially from the forward-looking statements. Previous efficiency in our Funding phase will not be indicative of future efficiency. We undertake no obligation to publicly replace or evaluation any forward-looking info, whether or not on account of new info, future developments or in any other case.
Chief Monetary Officer
— to finance.yahoo.com