Icahn Enterprises L.P. Intends to Offer New Senior Notes
September 03 2019 - 8:25AM
Icahn Enterprises L.P. (NASDAQ: IEP) (“Icahn Enterprises”)
announced today that it, together with Icahn Enterprises Finance
Corp. (together with Icahn Enterprises, the “Issuers”), intends to
commence an offering of Senior Notes due 2024 (the “Notes”) for
issuance in a private placement not registered under the Securities
Act of 1933, as amended (the “Securities Act”). The Notes will be
issued under an indenture by and among the Issuers, Icahn
Enterprises Holdings L.P., as guarantor (the “Guarantor”), and
Wilmington Trust, National Association, as trustee, and will be
guaranteed by the Guarantor. The proceeds from the offering will be
used for general limited partnership purposes. There can be no
assurance that the issuance and sale of any debt securities of the
Issuers will be consummated.
The Notes and related guarantee are being offered only (1) in
the United States to persons reasonably believed to be qualified
institutional buyers in reliance on Rule 144A under the Securities
Act and (2) outside the United States to persons other than “U.S.
persons” in compliance with Regulation S under the Securities Act.
The Notes and related guarantee have not been registered under the
Securities Act or the securities laws of any other jurisdiction and
may not be offered or sold in the United States absent registration
or an applicable exemption from the registration requirements.
This press release is being issued pursuant to and in accordance
with Rule 135c under the Securities Act. This press release shall
not constitute an offer to sell or a solicitation of an offer to
buy any securities of the Issuers.
About Icahn Enterprises L.P.
Icahn Enterprises L.P. (NASDAQ: IEP), a master limited
partnership, is a diversified holding company engaged in seven
primary business segments: Investment, Energy, Automotive, Food
Packaging, Metals, Real Estate and Home Fashion.
Caution Concerning Forward-Looking
Statements
This release contains certain "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995, many of which are beyond our ability to control or
predict. Forward-looking statements may be identified by words such
as "expects," "anticipates," "intends," "plans," "believes,"
"seeks," "estimates," "will" or words of similar meaning and
include, but are not limited to, statements about the expected
future business and financial performance of Icahn Enterprises and
its subsidiaries. Actual events, results and outcomes may differ
materially from our expectations due to a variety of known and
unknown risks, uncertainties and other factors, including risks
related to economic downturns, substantial competition and rising
operating costs; risks related to our investment activities,
including the nature of the investments made by the private funds
which we manage, losses in the private funds and loss of key
employees; risks related to our ability to continue to conduct our
activities in a manner so as to not be deemed an investment company
under the Investment Company Act of 1940, as amended; risks related
to our energy business, including the volatility and availability
of crude oil, other feed stocks and refined products, unfavorable
refining margin (crack spread), interrupted access to pipelines,
significant fluctuations in nitrogen fertilizer demand in the
agricultural industry and seasonality of results; risks related to
our automotive activities, including exposure to adverse conditions
in the automotive industry; risks related to our food packaging
activities, including competition from better capitalized
competitors, inability of our suppliers to timely deliver raw
materials, and the failure to effectively respond to industry
changes in casings technology; risks related to our scrap metals
activities, including potential environmental exposure; risks
related to our real estate activities, including the extent of any
tenant bankruptcies and insolvencies; risks related to our home
fashion operations, including changes in the availability and price
of raw materials, and changes in transportation costs and delivery
times; and other risks and uncertainties detailed from time to time
in our filings with the Securities and Exchange Commission. Past
performance in our Investment segment is not indicative of future
performance. We undertake no obligation to publicly update or
review any forward-looking information, whether as a result of new
information, future developments or otherwise.
Contact:Investor Contact:SungHwan ChoChief
Financial Officer(212) 702-4300
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