NEW YORK — Icahn Enterprises L.P. has secured $550 million in new capital through a pair of senior notes offerings due in 2024 and 2017, respectively.
Icahn Enterprises — whose businesses include Icahn Automotive/Pep Boys — said the proceeds from the notes offerings will be used for general limited partnership purposes, including the redemption of its existing 5.875% senior unsecured notes issued in 2014 and due in 2022.
The pair of notes carried $300 million and $250 million aggregate principal amounts, Icahn said, with 4.75% and 5.25% interest, respectively.
Interest on the 2024 Notes will be payable on March 15 and Sept. 15 of each year, commencing March 15, 2020, and interest on the 2027 Notes will be payable on May 15 and Nov. 15 of each year, commencing on May 15, 2020, Icahn said.