Icahn Enterprises Announces Cash Tender Offers and Consent Solicitations for Its Existing 8.125% Senior Notes Due 2012 and 7.125% Senior Notes Due 2013; Icahn Enterprises Also Announces Intention to Redeem Preferred Units for Depositary Uni

–(www.FinancialNewsUSA.com)– 01/03/2010 – IPOs industry news provided by Financial News USA. Icahn Enterprises L.P. (NYSE: IEP) — Icahn Enterprises L.P. (“Icahn Enterprises”) announced today that it, together with Icahn Enterprises Finance Corp., commenced separate cash tender offers to purchase any and all of the $967.0 million outstanding aggregate principal amount of their 7.125% Senior Notes due 2013 (CUSIP Nos. 029171AD7 and 029171AF2) (the “2013 Notes”) and any and all of the $353.0 million outstanding aggregate principal amount of their 8.125% Senior Notes due 2012 (CUSIP No. 029171AC9 ) (the “2012 Notes” and, together with the 2013 Notes, the “Notes”).  In connection with the tender offers, Icahn Enterprises is soliciting consents to effect certain proposed amendments to the indentures governing the Notes to eliminate most of the restrictive covenants and amend certain other provisions in the indentures and the Notes.  Holders who consent to the proposed amendments will be obligated to tender their Notes. [Read the full article]

Icahn Enterprises L.P. (NYSE: IEP) —  Icahn Enterprises L.P. announced today that it, together with Icahn Enterprises Finance Corp., intends to offer $2.0 billion in principal amount of new senior debt securities for issuance in a private placement not registered under the Securities Act of 1933, as amended.  The proceeds from the offering will be used to refinance their existing indebtedness consisting of their 7.125% Senior Notes due 2013 (CUSIP Nos. 029171AD7 and 029171AF2) and 8.125% Senior Notes due 2012 (CUSIP No. 029171AC9), to pay related fees and expenses and for general corporate purposes.  There can be no assurance that the issuance and sale of any debt securities or the refinancing of our existing indebtedness will be consummated.

This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act of 1933, as amended. [Read the full article]

Warner Chilcott plc (Nasdaq: WCRX) today announced that its subsidiary Warner Chilcott Corporation (the “Company”) has received and accepted for purchase approximately $290.5 million aggregate principal amount of its 8-3/4% Senior Subordinated Notes due 2015 (Cusip No. 93443MAC5) (the “Notes”) validly tendered by 11:59 p.m., New York City time, on Tuesday, December 29, 2009, (the “Consent Date”), and has received consents from holders of approximately 76% of the Notes as of the Consent Date.  The consents are sufficient to effect all of the proposed amendments to the indenture governing the Notes as set forth in the Company’s Offer to Purchase and Consent Solicitation Statement dated December 15, 2009 and the related Letter of Transmittal and Consent (the “Offer to Purchase”), pursuant to which the tender offer and consent solicitation are being made. [Read the full article]

General Steel Holdings, Inc. (“General Steel” or “the Company”) (NYSE: GSI), one of China’s leading non-state-owned producers of steel products and aggregators of domestic steel companies, today announced that it has completed its securities offering with institutional investors selling 5,555,556 shares of the Company’s common stock (“Common Stock”) and warrants to purchase 2,777,778 shares of Common Stock for aggregate gross proceeds of $25.0 million. The shares and warrants were sold pursuant to a Form S-3 shelf registration statement that was filed by General Steel with the Securities and Exchange Commission (the “SEC”) and declared effective by the SEC on October 22, 2009. General Steel intends to use the net proceeds from the offering for general corporate purposes which may include
working capital, capital expenditures, acquisitions of new businesses and
investments. [Read the full article] About Financial News USA

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