Icahn Enterprises Announces Pricing of Depositary Unit Offering
NEW YORK, June 12, 2013 (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. ("Icahn
Enterprises") (Nasdaq:IEP) today announced that its registered public offering
of 1.6 million depositary units representing limited partner interests in
Icahn Enterprises, has been priced for total gross proceeds (before
underwriters' discounts and commissions and estimated offering expenses) of
approximately $120.9 million. Icahn Enterprises has also granted the
underwriters an option for 30 days to purchase up to an additional 240,000
depositary units. The underwriters have offered the depositary units at
prevailing market prices or otherwise from time to time through The NASDAQ
Global Select Market, in the over-the-counter-market, through negotiated
transactions or otherwise. The offering is expected to close on June 17, 2013.
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 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,
KeyBanc Capital Markets, Oppenheimer & Co. and Wunderlich Securities are
acting as the co-managers for the offering.
The offering is being made pursuant to Icahn Enterprises' effective shelf
registration statement. The offering will be made only by means of a
prospectus supplement and the accompanying prospectus, copies of which may be
Credit Suisse Securities (USA) LLC
Attn: Prospectus Department
One Madison Avenue
New York, New York 10010
Tel: +1 (800) 221-1037
UBS Securities LLC
Attention: Prospectus Department
299 Park Avenue, New York, New York 10171
Telephone: (888) 827-7275
Attn: Equity Syndicate Prospectus Department
520 Madison Avenue, 12^th Floor
New York, New York 10022
Tel: +1 (877) 547-6340
You may also get these documents for free by visiting the Securities and
Exchange Commission's website at www.sec.gov.
This press release shall not constitute an offer to sell or a solicitation of
an offer to buy, nor shall there be any sale of these securities in any state
or jurisdiction in which such an offer, solicitation or sale would be unlawful
prior to registration or qualification under the securities laws of any such
state or jurisdiction.
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:
Chief Financial Officer
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