/ Source: The Associated Press
Icahn Enterprises LP, the investing vehicle for billionaire Carl Icahn, said Friday that it closed the offering of $500 million in 7.75 percent senior notes due 2016 and 8 percent senior notes due 2018.
The notes were sold in a private offering to institutional buyers.
The company plans to use the proceeds from the offering for general corporate purposes.
Jefferies & Co. served as the book-running manager and initial purchaser for the offering.
Shares of the company fell $1.14, or 3.2 percent, to $34.98 in late day trading.