05:00 PM EDT, 05/13/2024 (MT Newswires) -- Icahn Enterprises ( IEP ) said late Monday that together with Icahn Enterprises Finance, it has priced a private placement of $750 million of 9% senior unsecured notes due 2030, upsized from $500 million.

The offering is expected to close on May 28.

Net proceeds will be used to fully redeem Icahn Enterprises ( IEP ) and Icahn Enterprises Finance's existing 6.375% senior unsecured notes due 2025, the company said.

Price: 18.40, Change: +0.03, Percent Change: +0.16