Icahn Revises Loan Pact With Banks After Short Seller Hindenburg’s Attack
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Carl Icahn has renegotiated loan terms with a group of banks just months after a report by short seller Hindenburg Research sent shares in his investment firm tanking.
The activist investor has consolidated all his borrowing under a new three-year term loan, according to a Securities and Exchange Commission filing on Monday. It extends the maturity of previous loans with the banks and includes amendments to certain covenants.