Icahn Enterprises Announces Closing of Depositary Unit Offering

Mon Jun 17, 2013 5:15pm EDT

* Reuters is not responsible for the content in this press release.

NEW YORK, June 17, 2013 (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. ("Icahn Enterprises") (Nasdaq:IEP) today announced the closing of its previously announced registered public offering of 1.6 million depositary units representing limited partner interests in Icahn Enterprises. Icahn Enterprises received total net proceeds of approximately $117.1 million, before deducting estimated offering expenses. Icahn Enterprises also granted the underwriters an option for 30 days to purchase up to an additional 240,000 depositary units. The proceeds from the offering will be used solely to effect the recapitalization of Icahn Enterprises' subsidiary Federal-Mogul Corporation ("Federal-Mogul"), which may include the purchase of Icahn Enterprises' pro rata share of the common stock to be issued by Federal-Mogul pursuant to its rights offering launched on June 7, 2013, if consummated, or any other use of capital that results in the proceeds of the offering being used to recapitalize Federal-Mogul.

Credit Suisse, UBS Investment Bank and Jefferies are acting as the joint book-running managers for the offering. Citigroup, Keefe, Bruyette & Woods, a Stifel Company, Oppenheimer & Co., Wunderlich Securities and KeyBanc Capital Markets are acting as the co-managers for the offering.

A registration statement related to the securities was declared effective by the Securities and Exchange Commission. The offering was made only by means of a prospectus supplement and the accompanying prospectus, copies of which may be obtained from the Securities and Exchange Commission's website at http://www.sec.gov or by contacting:

Credit Suisse Securities (USA) LLC
Attn: Prospectus Department
One Madison Avenue
New York, New York 10010
Tel: +1 (800) 221-1037
Email: newyork.prospectus@credit-suisse.com
 
UBS Securities LLC 
Attention: Prospectus Department
299 Park Avenue, New York, New York 10171
Telephone: (888) 827-7275
 
Jefferies LLC
Attn: Equity Syndicate Prospectus Department
520 Madison Avenue, 12th Floor
New York, New York 10022
Tel: +1 (877) 547-6340
Email: prospectus_department@jefferies.com

About  Icahn Enterprises L.P. 

Icahn Enterprises L.P. (Nasdaq:IEP), a master limited partnership, is a diversified holding company engaged in nine primary business segments: Investment, Automotive, Energy, Gaming, Railcar, Food Packaging, Metals, Real Estate and Home Fashion. 

CONTACT: Investor Contact:
         
         SungHwan Cho
         Chief Financial Officer
         (212) 702-4300
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.