Icahn Enterprises LP, billionaire Carl Icahn's investing vehicle, said Friday it closed on a $2 billion notes offering and used a portion of the proceeds to purchase other notes through a tender offer.
The investment firm's notes offering was for $2 billion in 7.75 percent senior notes due 2016 and 8 percent senior notes due in 2018. They were sold in a private offering.
The firm used part of the proceeds to buy about $1.28 billion in 7.125 percent senior notes due 2013 and the 8.125 percent senior notes due 2012.
Jefferies & Co. was the book-running manager for the new notes and the dealer-manager and solicitation agent for the tender offers.
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Icahn Enterprises also said it bought a 54 percent stake of American Railcar Industries Inc. and a 71 percent stake of Viskase Companies Inc. other Icahn-controlled entities. The acquisitions were approved by the board of Icahn Enterprises GP Inc., the general partner of Icahn Enterprises.