Key Developments: Icahn Enterprises LP (IEP.O)

Latest Key Developments (Source: Significant Developments)

Icahn Enterprises LP Announces Closing of Depositary Unit Offering
Monday, 17 Jun 2013 05:15pm EDT

Icahn Enterprises LP 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. Full Article

Icahn Enterprises LP Offers 1.6 Million Depositary Units-DJ
Wednesday, 12 Jun 2013 08:46am EDT

Dow Jones reported that Icahn Enterprises LP is offering 1.6 million depositary units and anticipates total gross proceeds of about $120.9 million. Further terms of the offer weren't provided. The Company had unveiled plans to offer the units but hadn't disclosed the number it intended to sell. Icahn Enterprises plans to use the proceeds toward the recapitalization of Federal-Mogul Corp. Full Article

Icahn Enterprises LP Announces Commencement of Depositary Unit Offering
Tuesday, 11 Jun 2013 04:35pm EDT

Icahn Enterprises LP announced a registered public offering of depositary units representing limited partner interests in Icahn Enterprises. Icahn Enterprises intends to grant the underwriters an option for 30 days to purchase additional depositary units. The proceeds from the offering will be used solely to effect the recapitalization of 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 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, KeyBanc Capital Markets, Oppenheimer & Co. and Wunderlich Securities are acting as the co-managers for the offering. Full Article

Icahn Enterprises LP Increases Annual Distribution
Wednesday, 29 May 2013 09:00am EDT

Icahn Enterprises LP announced that the Board of Directors of its general partner has increased its annual distribution policy from $4.00 per depositary unit to $5.00 per depositary unit, payable in either cash or additional depositary units, at the election of each depositary unit holder. Full Article

Icahn Enterprises LP Announces Quarterly Distribution
Tuesday, 30 Apr 2013 04:01pm EDT

Icahn Enterprises LP announced that Board of Directors of its general partner has declared a quarterly distribution for the second quarter of 2013 in the amount of $1.00, which will be paid on or about July 5, 2013 to depositary unit holders of record at the close of business on May 13, 2013. Full Article

Icahn Enterprises LP Announces Closing Of Depositary Unit Offering
Wednesday, 6 Mar 2013 04:15pm EST

Icahn Enterprises LP announced the closing of its previously announced registered public offering of 3,174,604 depositary units representing limited partner interests in Icahn Enterprises at $63.00 per depositary unit to the public. Icahn Enterprises received total net proceeds of approximately $193 million, after deducting underwriting discounts and commissions and estimated offering expenses. Icahn Enterprises also granted the underwriters an option for 30 days to purchase up to an additional 476,191 depositary units. The proceeds from the offering will be used for general partnership purposes. Jefferies LLC served as sole book-running manager. Full Article

Icahn Enterprises LP Announces Pricing Of Depositary Unit Offering
Thursday, 28 Feb 2013 08:11pm EST

Icahn Enterprises LP announced that its registered public offering of 3,174,604 shares of depositary units representing limited partner interests in Icahn Enterprises, has been priced at $63.00 per depositary unit. Icahn Enterprises has also granted the underwriters an option for 30 days to purchase up to an additional 476,191 depositary units. The proceeds from the offering will be used for general corporate purposes. Jefferies & Company, Inc. is serving as sole book-running manager. Full Article

Icahn Enterprises LP Announces Commencement of Depositary Unit Offering
Thursday, 28 Feb 2013 04:06pm EST

Icahn Enterprises LP Adopts New Policy Increasing Annual Distribution to $4.00 Per Depositary Unit
Monday, 11 Feb 2013 09:15am EST

Icahn Enterprises LP announced that the Board of Directors of its general partner has approved a modification to the Company's distribution policy to provide for an increase in the annual distribution from $1.40, comprised of $0.40 in cash and $1.00 in depositary units, to $4.00 per depositary unit, payable in either cash or additional depositary units, at the election of each depositary unit holder. The Board of Directors of the general partner has declared a quarterly distribution for the first quarter of 2013 in the amount of $1.00, which will be paid on or about April 15, 2013 to depositary unit holders of record at the close of business on February 21, 2013. Depositary unit holders will have until March 14, 2013 to make an election to receive either cash or additional depositary units; if a holder does not make an election, it will automatically be deemed to have elected to receive the dividend in cash. Full Article

Icahn Enterprises LP Announces Third Quarter Quarterly Distribution
Monday, 5 Nov 2012 04:30pm EST

Icahn Enterprises LP announced that it has declared a quarterly distribution for the third quarter of 2012 in an aggregate of $0.35 per depositary unit, comprised of a combination of $0.10 payable in cash and $0.25 payable in depositary units. The distribution will be paid on November 30, 2012 to depositary unit holders of record at the close of business on November 15, 2012. Full Article

Icahn Enterprises LP News

Icahn seeks up to $7 billion for Dell bid

NEW YORK - Activist investor Carl Icahn and Southeastern Asset Management Inc have initiated talks with banks and asset managers to line up commitments for as much as $7 billion in bridge loans to back their leveraged recapitalization proposal for Dell Inc, banking sources told Thomson Reuters LPC on Thursday.

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Earnings vs. Estimates

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