10:11 AM EDT, 08/05/2025 (MT Newswires) -- Icahn Enterprises ( IEP ) said Tuesday it plans to launch an additional $500 million private offering of 10% senior secured notes due 2029, adding to an existing $500 million issuance completed in November.

The new notes will be issued under the same indenture as the original tranche and will be secured by most assets of the issuers and the guarantor, Icahn Enterprises Holdings, with standard exceptions.

Icahn ( IEP ) said it expects to use the proceeds, along with available cash, to partly redeem its 6.25% notes maturing in 2026.

Shares of Icahn ( IEP ) were down nearly 1% in recent trading.

Price: 8.88, Change: -0.07, Percent Change: -0.82