Icahn Enterprises L.P. (IEP) on Monday announced the closing of its previously announced registered public offering of 1.6 million depositary units representing limited partner interests in Icahn Enterprises. Icahn Enterprises received total net proceeds of about $117 million, before deducting estimated offering expenses.
Icahn Enterprises also granted the underwriters an option for 30 days to purchase up to an additional 240,000 depositary units.
The proceeds from the offering will be used solely to effect the recapitalization of Icahn Enterprises' subsidiary Federal-Mogul Corp.
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