Icahn Enterprises L.P. (IEP)
Chart Events
Performance Outlook
| Previous Close | 56.83 |
| Open | 56.62 |
| Bid | 56.16 x 800 |
| Ask | 56.83 x 900 |
| Day's Range | 56.17 - 56.75 |
| 52 Week Range | 46.05 - 69.10 |
| Volume | 97,597 |
| Avg. Volume | 266,379 |
| Market Cap | 13.607B |
| Beta (5Y Monthly) | 0.89 |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -7.33 |
| Earnings Date | May 06, 2021 - May 10, 2021 |
| Forward Dividend & Yield | 8.00 (14.08%) |
| Ex-Dividend Date | Mar 25, 2021 |
| 1y Target Est | N/A |
Fair Value
Related Research
- GlobeNewswire
Icahn Enterprises L.P. Announces Pricing of Senior Notes
SUNNY ISLES BEACH, Fla., April 08, 2021 (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. (NASDAQ: IEP) announced today that it, together with Icahn Enterprises Finance Corp. (together with Icahn Enterprises, the “Issuers”), priced their offering of $455,000,000 aggregate principal amount of additional 5.250% Senior Notes due 2027 (the “Notes”) at an offering price of 102.000%, plus accrued interest from November 15, 2020, in a private placement not registered under the Securities Act of 1933, as amended (the “Securities Act”) (such offering, the “Notes Offering”). The Notes Offering is expected to close on April 12, 2021, subject to customary closing conditions. The Notes will be issued under the indenture dated as of December 12, 2019, by and among the Issuers, Icahn Enterprises Holdings L.P., as guarantor (the “Guarantor”), and Wilmington Trust, National Association, as trustee, and will be guaranteed by the Guarantor. The net proceeds from the Notes Offering will be used to redeem all of the Issuers’ existing 6.250% Senior Notes due 2022 pursuant to the Issuers’ previously announced notice of conditional redemption. There can be no assurance that the issuance and sale of any debt securities will be consummated, that the conditions precedent to the redemption will be satisfied, or that the redemption will occur. The Notes and related guarantees are being offered only (1) in the United States to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and (2) outside the United States to persons other than “U.S. persons” in compliance with Regulation S under the Securities Act. The Notes and related guarantees have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities of the Issuers. About Icahn Enterprises L.P. Icahn Enterprises L.P. (NASDAQ: IEP), a master limited partnership, is a diversified holding company engaged in eight primary business segments: Investment, Energy, Automotive, Food Packaging, Metals, Real Estate, Home Fashion and Pharma. Caution Concerning Forward-Looking Statements This release contains certain statements that are, or may be deemed to be, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, many of which are beyond our ability to control or predict. Forward-looking statements may be identified by words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “will” or words of similar meaning and include, but are not limited to, statements about the expected future business and financial performance of Icahn Enterprises L.P. and its subsidiaries. Actual events, results and outcomes may differ materially from our expectations due to a variety of known and unknown risks, uncertainties and other factors, including risks related to economic downturns, substantial competition and rising operating costs; risks related to the severity, magnitude and duration of the COVID-19 pandemic and its impact on the global economy, financial markets and industries in which our subsidiaries operate; risks related to our investment activities, including the nature of the investments made by the private funds in which we invest, declines in the fair value of our investments as a result of the COVID-19 pandemic, losses in the private funds and loss of key employees; risks related to our ability to continue to conduct our activities in a manner so as to not be deemed an investment company under the Investment Company Act of 1940, as amended; risks related to our energy business, including the volatility and availability of crude oil, other feed stocks and refined products, declines in global demand for crude oil, refined products and liquid transportation fuels as a result of the COVID-19 pandemic, unfavorable refining margin (crack spread), interrupted access to pipelines, significant fluctuations in nitrogen fertilizer demand in the agricultural industry and seasonality of results; risks related to our automotive activities and exposure to adverse conditions in the automotive industry, including as a result of the COVID-19 pandemic; risks related to our food packaging activities, including competition from better capitalized competitors, inability of our suppliers to timely deliver raw materials, and the failure to effectively respond to industry changes in casings technology; risks related to our scrap metals activities, including potential environmental exposure; risks related to our real estate activities, including the extent of any tenant bankruptcies and insolvencies; risks related to our home fashion operations, including changes in the availability and price of raw materials, and changes in transportation costs and delivery times; and other risks and uncertainties detailed from time to time in our filings with the Securities and Exchange Commission. Additionally, there may be other factors not presently known to us or which we currently consider to be immaterial that may cause our actual results to differ materially from the forward-looking statements. Past performance in our Investment segment is not indicative of future performance. We undertake no obligation to publicly update or review any forward-looking information, whether as a result of new information, future developments or otherwise. Contact:Investor Contact:SungHwan ChoChief Financial Officer(305) 422-4100
- GlobeNewswire
Icahn Enterprises L.P. Intends to Offer New Senior Notes
SUNNY ISLES BEACH, Fla., April 08, 2021 (GLOBE NEWSWIRE) -- Icahn Enterprises L.P. (NASDAQ: IEP) announced today that it, together with Icahn Enterprises Finance Corp. (together with Icahn Enterprises, the “Issuers”), intends to commence an offering of additional 5.250% Senior Notes due 2027 (the “Notes”) for issuance in a private placement not registered under the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be issued under the indenture dated as of December 12, 2019, by and among the Issuers, Icahn Enterprises Holdings L.P., as guarantor (the “Guarantor”), and Wilmington Trust, National Association, as trustee, and will be guaranteed by the Guarantor. The net proceeds from the offering will be used to redeem the Issuers’ existing 6.250% Senior Notes due 2022 pursuant to the Issuers’ previously announced notice of conditional redemption. There can be no assurance that the issuance and sale of any debt securities of the Issuers will be consummated, that the conditions precedent to the redemption will be satisfied, or that the redemption will occur. The Notes and related guarantees are being offered only (1) in the United States to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and (2) outside the United States to persons other than “U.S. persons” in compliance with Regulation S under the Securities Act. The Notes and related guarantees have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy any securities of the Issuers. About Icahn Enterprises L.P. Icahn Enterprises L.P. (NASDAQ: IEP), a master limited partnership, is a diversified holding company engaged in eight primary business segments: Investment, Energy, Automotive, Food Packaging, Metals, Real Estate, Home Fashion and Pharma. Caution Concerning Forward-Looking Statements This release contains certain statements that are, or may be deemed to be, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, many of which are beyond our ability to control or predict. Forward-looking statements may be identified by words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates,” “will” or words of similar meaning and include, but are not limited to, statements about the expected future business and financial performance of Icahn Enterprises L.P. and its subsidiaries. Actual events, results and outcomes may differ materially from our expectations due to a variety of known and unknown risks, uncertainties and other factors, including risks related to economic downturns, substantial competition and rising operating costs; risks related to the severity, magnitude and duration of the COVID-19 pandemic and its impact on the global economy, financial markets and industries in which our subsidiaries operate; risks related to our investment activities, including the nature of the investments made by the private funds in which we invest, declines in the fair value of our investments as a result of the COVID-19 pandemic, losses in the private funds and loss of key employees; risks related to our ability to continue to conduct our activities in a manner so as to not be deemed an investment company under the Investment Company Act of 1940, as amended; risks related to our energy business, including the volatility and availability of crude oil, other feed stocks and refined products, declines in global demand for crude oil, refined products and liquid transportation fuels as a result of the COVID-19 pandemic, unfavorable refining margin (crack spread), interrupted access to pipelines, significant fluctuations in nitrogen fertilizer demand in the agricultural industry and seasonality of results; risks related to our automotive activities and exposure to adverse conditions in the automotive industry, including as a result of the COVID-19 pandemic; risks related to our food packaging activities, including competition from better capitalized competitors, inability of our suppliers to timely deliver raw materials, and the failure to effectively respond to industry changes in casings technology; risks related to our scrap metals activities, including potential environmental exposure; risks related to our real estate activities, including the extent of any tenant bankruptcies and insolvencies; risks related to our home fashion operations, including changes in the availability and price of raw materials, and changes in transportation costs and delivery times; and other risks and uncertainties detailed from time to time in our filings with the Securities and Exchange Commission. Additionally, there may be other factors not presently known to us or which we currently consider to be immaterial that may cause our actual results to differ materially from the forward-looking statements. Past performance in our Investment segment is not indicative of future performance. We undertake no obligation to publicly update or review any forward-looking information, whether as a result of new information, future developments or otherwise. Contact:Investor Contact:SungHwan ChoChief Financial Officer(305) 422-4100
- Bloomberg
Icahn Taps Ex-GE M&A Chief Kekedjian to Lead Firm
(Bloomberg) -- Billionaire activist investor Carl Icahn has hired former General Electric Co. executive Aris Kekedjian to head his namesake investment firm.Icahn confirmed in a statement Monday he had hired Kekedjian as chief executive officer and chief operating officer of Icahn Enterprises LP.“I’m excited to welcome Aris to Icahn Enterprises. His vast global experience and proven track record will complement our already strong team,” Icahn said.Kekedjian, a 30-year GE veteran, ran the conglomerate’s businesses in Europe and the Middle East. He was GE’s chief investment officer until 2019. Since then, he has been a strategic adviser to Rainmaker Worldwide Inc., whose technology can provide water in arid environments.He is replacing Keith Cozza, who has been CEO of Icahn Enterprises since 2014. Cozza, along with Chief Financial Officer SungHwan Cho, are leaving partly because neither planned to follow the company’s relocation to the Miami area. Icahn Enterprises is still in the process of hiring a new finance chief.Cozza will remain with Icahn Enterprises until May 31, 2021, to help with the transition and will leave the board of directors of Icahn Enterprises upon his departure. Cho will remain with Icahn Enterprises through a transition period, and step down from the board upon his departure.Icahn decided in 2019 to move his home and business to the Miami area, where he had bought a mansion in an exclusive island enclave on Biscayne Bay in the 1990s.Icahn Enterprises, a publicly traded firm with a market value of more than $13 billion, manages Icahn’s wealth and serves as a holding company for scores of businesses.Kekedjian worked both sides of deals for GE, first acquiring targets as the conglomerate expanded and then selling assets as it streamlined. These include the $30 billion merger of GE Oil & Gas and Baker Hughes, the $15 billion merger of GE Transportation with Wabtec, the IPO and split-off of Synchrony Financial and the breakup of GE Capital.He was promoted in 2016 to lead GE’s mergers and acquisitions and business development team, according to a statement at the time. He had led the GE Capital M&A team since 2010 and was a central figure transforming GE Capital into a smaller company, according to the statement.(Updates with confirmation of hiring throughout)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
