Icahn Enterprises Announces $500 Million Debt Offering to Refinance Existing Notes.
The move is intended to partially redeem senior notes due in 2026, signaling a proactive approach to managing its debt profile.
New York, NY – August 5, 2025 – Icahn Enterprises L.P. (NASDAQ: IEP) today announced its intention to offer an additional $500 million in senior secured notes. The offering, conducted through a private placement, will consist of 10.000% Senior Secured Notes due in 2029.
The net proceeds from this offering, combined with cash on hand, are slated to be used for the partial redemption of the company’s existing 6.250% Senior Notes that are due in 2026. This strategic financial maneuver is aimed at managing the company’s debt maturity profile.
The newly announced notes will be issued under the same indenture as a previous $500 million offering of 10.000% Senior Secured Notes due 2029, which was announced on November 20, 2024. Icahn Enterprises Finance Corp. will act as a co-issuer for the notes.
The notes will be guaranteed by Icahn Enterprises Holdings L.P. and secured by a substantial portion of the assets directly owned by the issuers and the guarantor, with some customary exceptions.
This announcement was made in a Form 8-K filing with the U.S. Securities and Exchange Commission. The company has stated that there is no assurance that the issuance and sale of the debt securities will be consummated. This offering is not registered under the Securities Act of 1933 and is therefore subject to specific restrictions on its sale.
Icahn Enterprises is a diversified holding company with interests in various sectors, including investment, energy, automotive, and real estate. The company recently reported its second-quarter 2025 financial results.
