Icahn Enterprises L.P S-3, filed Jul 15, 2022

Icahn Enterprises L.P. (IEP)

S-3 2022-07-15

View Original

Added on October 21, 2026

Search and read filings like this one from Claude or ChatGPT with the SEC filings MCP server →

	Large accelerated filer ☒						Accelerated filer ☐
	Non-accelerated filer ☐						Smaller reporting company ☐
							Emerging growth company ☐

	Page
ABOUT THIS PROSPECTUS		1
INDUSTRY AND MARKET DATA		1
CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION		1
OUR COMPANY		3
RISK FACTORS		4
USE OF PROCEEDS		5
DESCRIPTION OF DEPOSITARY UNITS		6
DESCRIPTION OF PREFERRED UNITS		9
OUR PARTNERSHIP AGREEMENT AND CERTAIN PROVISIONS OF DELAWARE LAW		10
DESCRIPTION OF DEBT SECURITIES		18
DESCRIPTION OF WARRANTS		26
DESCRIPTION OF RIGHTS		28
DESCRIPTION OF UNITS		29
PLAN OF DISTRIBUTION		30
LEGAL MATTERS		32
EXPERTS		32
WHERE YOU CAN FIND MORE INFORMATION		32
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE		32

Securities and Exchange Commission registration fee	$	111,240
The Nasdaq Stock Market Listing Fees		*
Transfer Agent and Registrar, Trustee and Depositary Fees		*
Accounting fees and expenses		*
Legal fees and expenses		*
Printing expenses		*
Miscellaneous		*
Total	$	*

	Exhibit No.			Description
	1.1			Form of Underwriting Agreement.*
	4.1			Specimen Depositary Certificate (incorporated by reference to Exhibit 4.1 to Icahn Enterprises’ Form 10-Q for the quarterly period ended June 30, 2016 (SEC File No. 1-9516), filed on August 4, 2016).
	4.2			Specimen Certificate representing preferred units (incorporated by reference to Exhibit 4.9 to Icahn Enterprises’ Form S-3/A (SEC File No. 33-54767), filed on February 22, 1995).
	4.3			Form of Indenture.
	4.4			Form of Indenture (Subordinated Debt Securities).
	4.5			Form of Warrant Agreement and Warrant Certificate.*
	4.6			Form of Rights Agreement and Rights Certificate.*
	5.1			Opinion of Proskauer Rose LLP.
	23.1			Consent of Grant Thornton LLP.
	23.2			Consent of Proskauer Rose LLP (included in Exhibit 5.1).
	24.1			Power of Attorney (included on the signature pages to this Form S-3).
	25.1			Form T-1, Statement of Eligibility and Qualification under the Trust Indenture Act of 1939 under the Indenture.
	107			Filing Fee Table.

/s/ David Willetts David Willetts	President, Chief Executive Officer and Director	July 15, 2022
/s/ Ted Papapostolou Ted Papapostolou	Chief Financial Officer, Chief Accounting Officer and Director	July 15, 2022
/s/ Michael Nevin Michael Nevin	Director	July 15, 2022
/s/ Stephen A. Mongillo Stephen A. Mongillo	Director	July 15, 2022
/s/ Alvin B. Krongard Alvin B. Krongard	Director	July 15, 2022
/s/ Brett Icahn Brett Icahn	Director	July 15, 2022
/s/ Nancy Dunlap Nancy Dunlap	Director	July 15, 2022

	/s/ Denise Barton Denise Barton			Director			July 15, 2022
	Carl C. Icahn			Chairman of the Board			July 15, 2022

TRUST INDENTURE			INDENTURE
ACT SECTION			SECTION
310	(a)	(1)	7.10
	(a)	(2)	7.10
	(a)	(3)	N.A.
	(a)	(4)	N.A.
	(a)	(5)	7.10
	(b)		7.08; 7.10
	(c)		N.A.
311	(a)		7.11
	(b)		7.11
	(c)		N.A.
312	(a)		2.06
	(b)		11.03
	(c)		11.03
313	(a)		7.06
	(b)	(1)	7.06
	(b)	(2)	7.06; 7.07
	(c)		7.06; 11.02
	(d)		7.06
314	(a)		4.02; 4.03; 11.02
	(b)		N.A.
	(c)	(1)	11.04
	(c)	(2)	11.04
	(c)	(3)	N.A.
	(d)		N.A.
	(e)		11.05
	(f)		N.A.
315	(a)		7.01
	(b)		7.05; 11.02
	(c)		7.01
	(d)		7.01

	(e)			6.11
316	(a)	(last sentence)		2.09
	(a)	(1)	(A)	6.05
	(a)	(1)	(B)	6.04
	(a)	(2)		N.A.
	(b)			6.07
	(c)			9.04
317	(a)	(1)		6.08
	(a)	(2)		6.09
	(b)			2.05
318	(a)			11.01
	(b)			N.A.
	(c)			11.01

		Page
ARTICLE 1	DEFINITIONS AND INCORPORATION BY REFERENCE	01
SECTION 1.01.	Definitions	01
SECTION 1.02.	Other Definitions	04
SECTION 1.03.	Incorporation by Reference of Trust Indenture Act	04
SECTION 1.04.	Rules of Construction	05

ARTICLE 2	THE SECURITIES	05
SECTION 2.01.	Issuable in Series	05
SECTION 2.02.	Establishment of Terms of Series of Securities	05
SECTION 2.03.	Execution and Authentication	07
SECTION 2.04.	Registrar and Paying Agent	08
SECTION 2.05.	Paying Agent to Hold Money in Trust	09
SECTION 2.06.	Holders Lists	10
SECTION 2.07.	Transfer and Exchange	10
SECTION 2.08.	Mutilated, Destroyed, Lost and Stolen Securities	10
SECTION 2.09.	Outstanding Securities	11
SECTION 2.10.	Treasury Securities	11
SECTION 2.11.	Temporary Securities	11
SECTION 2.12.	Cancellation	11
SECTION 2.13.	Defaulted Interest	11
SECTION 2.14.	Global Securities	12
SECTION 2.15.	CUSIP Numbers	13

ARTICLE 3	REDEMPTION AND PREPAYMENT	13
SECTION 3.01.	Notices to Trustee	13
SECTION 3.02.	Selection of Securities to be Redeemed	14

SECTION 3.03.	Notice of Redemption	14
SECTION 3.04.	Effect of Notice of Redemption	15
SECTION 3.05.	Deposit of Redemption Price	15
SECTION 3.06.	Securities Redeemed in Part	15

ARTICLE 4	COVENANTS	15
SECTION 4.01.	Payment of Securities	15
SECTION 4.02.	Reports	16
SECTION 4.03.	Compliance Certificate	16
SECTION 4.04.	Corporate Existence	17
SECTION 4.05.	Calculation of Original Issue Discount	17

ARTICLE 5	SUCCESSORS	17
SECTION 5.01.	Merger, Consolidation or Sale of Assets	17

ARTICLE 6	DEFAULTS AND REMEDIES	18
SECTION 6.01.	Events of Default	18
SECTION 6.02.	Acceleration	19
SECTION 6.03.	Other Remedies	19
SECTION 6.04.	Waiver of Past Defaults	19
SECTION 6.05.	Control By Majority	19
SECTION 6.06.	Limitation on Suits	19
SECTION 6.07.	Rights of Holders to Receive Payment	20
SECTION 6.08.	Collection Suit by Trustee	20
SECTION 6.09.	Trustee May File Proofs of Claim	20
SECTION 6.10.	Priorities	20
SECTION 6.11.	Undertaking For Costs	21

SECTION 7.02.	Rights of Trustee	22
SECTION 7.03.	Individual Rights of Trustee	23
SECTION 7.04.	Trustee’s Disclaimer	23
SECTION 7.05.	Notice of Defaults	24
SECTION 7.06.	Reports By Trustee to Holders	24
SECTION 7.07.	Compensation and Indemnity	24
SECTION 7.08.	Replacement of Trustee	25
SECTION 7.09.	Successor Trustee by Merger, Etc.	25
SECTION 7.10.	Eligibility; Disqualification	25
SECTION 7.11.	Preferential Collection of Claims Against the Company	26

ARTICLE 8	DISCHARGE; LEGAL DEFEASANCE AND COVENANT DEFEASANCE	26
SECTION 8.01.	Discharge; Option to Effect Legal Defeasance or Covenant Defeasance	26
SECTION 8.02.	Legal Defeasance and Discharge	26
SECTION 8.03.	Covenant Defeasance	27
SECTION 8.04.	Conditions to Legal or Covenant Defeasance	27
SECTION 8.05.	Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions	28
SECTION 8.06.	Repayment to the Company	28
SECTION 8.07.	Reinstatement	28

ARTICLE 9	AMENDMENT, SUPPLEMENT AND WAIVER	29
SECTION 9.01.	Without Consent of Holders	29
SECTION 9.02.	With Consent of Holders of Securities	30
SECTION 9.03.	Compliance with Trust Indenture Act	31
SECTION 9.04.	Revocation and Effect of Consents and Waivers	31
SECTION 9.05.	Notation on or Exchange of Securities	31
SECTION 9.06.	Trustee to Sign Amendments, Etc.	31

ARTICLE 10	NOTE GUARANTEES	32
SECTION 10.01.	Guarantee	32
SECTION 10.02.	Limitation on Guarantor Liability	33
SECTION 10.03.	Execution and Delivery of Guarantee	33

ARTICLE 11	MISCELLANEOUS	33
SECTION 11.01.	Trust Indenture Act Controls	33

SECTION 11.02.	Notices	33
SECTION 11.03.	Communication by Holders of Securities with Other Holders of Securities	34
SECTION 11.04.	Certificate and Opinion as to Conditions Precedent	34
SECTION 11.05.	Statements Required in Certificate or Opinion	34
SECTION 11.06.	Rules by Trustee, Paying Agent and Registrar	35
SECTION 11.07.	No Personal Liability of Directors, Officers, Employees and Stockholders	35
SECTION 11.08.	GOVERNING LAW	35
SECTION 11.09.	No Adverse Interpretation of Other Agreements	35
SECTION 11.10.	Successors	35
SECTION 11.11.	Severability	35
SECTION 11.12.	Counterpart Originals	35
SECTION 11.13.	Table of Contents, Headings, Etc.	35

Term	Defined in Section
“Covenant Defeasance”		8.03
“Event of Default”		6.01
“Legal Defeasance”		8.02
“notice of acceleration”		6.02
“Paying Agent”		2.04
“Registrar”		2.04
“Service Agent”		2.04
“Transfer”		5.01

	If to the Company or the Guarantor:

	Icahn Enterprises L.P.
	Icahn Enterprises Finance Corp.
	767 Fifth Avenue, Suite 4700
	New York, New York 10153
	Attention: Jesse Lynn, General Counsel

	With a copy to:

	Proskauer Rose LLP
	Eleven Times Square
	New York, NY 10036-8299
	Attention: Julie M. Allen, Esq.

	If to the Trustee:

	Wilmington Trust, National Association
	50 South Sixth Street, Suite 1290
	Minneapolis, MN 55402
	Telecopier No.: (612) 217-5651 Attention: Corporate Trust Administration

	With a copy to:
	Alston & Bird LLP
	101 South Tryon St., Suite 4000
	Charlotte, NC 28280-4000
	Facsimile No.: (704) 444-1111
	Attention: Adam Smith, Esq

	ICAHN ENTERPRISES L.P.

	By:	Icahn Enterprises G.P., Inc.,
		its general partner

	By:
		Name:
		Title:

	ICAHN ENTERPRISES FINANCE CORP.

	By:
		Name:
		Title:

	WILMINGTON TRUST, NATIONAL ASSOCIATION, as TRUSTEE

	By:
		Name:
		Title:

Term	Defined in Section
"Covenant Defeasance"		8.03
"Event of Default"		6.01
"Legal Defeasance"		8.02
"notice of acceleration"		6.02
"Paying Agent"		2.04
"Registrar"		2.04
"Service Agent"		2.04
"Transfer"		5.01

ARTICLE 7	TRUSTEE	20
SECTION 7.01.	Duties of Trustee	20
SECTION 7.02.	Rights of Trustee	21
SECTION 7.03.	Individual Rights of Trustee	23
SECTION 7.04.	Trustee's Disclaimer	23
SECTION 7.05.	Notice of Defaults	23
SECTION 7.06.	Reports By Trustee to Holders	23
SECTION 7.07.	Compensation and Indemnity	23
SECTION 7.08.	Replacement of Trustee	24
SECTION 7.09.	Successor Trustee by Merger, Etc.	25
SECTION 7.10.	Eligibility; Disqualification	25
SECTION 7.11.	Preferential Collection of Claims Against the Company	25

ARTICLE 8	DISCHARGE; LEGAL DEFEASANCE AND COVENANT DEFEASANCE	25
SECTION 8.01.	Discharge; Option to Effect Legal Defeasance or Covenant Defeasance	25
SECTION 8.02.	Legal Defeasance and Discharge	26
SECTION 8.03.	Covenant Defeasance	26
SECTION 8.04.	Conditions to Legal or Covenant Defeasance	27
SECTION 8.05.	Deposited Money and Government Securities to be Held in Trust; Other Miscellaneous Provisions	27
SECTION 8.06.	Repayment to the Company	28
SECTION 8.07.	Reinstatement	28

ARTICLE 9	AMENDMENT, SUPPLEMENT AND WAIVER	28
SECTION 9.01.	Without Consent of Holders	28
SECTION 9.02.	With Consent of Holders of Securities	30
SECTION 9.03.	Compliance with Trust Indenture Act	31
SECTION 9.04.	Revocation and Effect of Consents and Waivers	31
SECTION 9.05.	Notation on or Exchange of Securities	31
SECTION 9.06.	Trustee to Sign Amendments, Etc.	31

ARTICLE 10	SUBORDINATION	31
SECTION 10.01.	Securities Subordinated to Senior Indebtedness	31
SECTION 10.02.	Effectuation of Subordination by Trustee	34
SECTION 10.03.	Knowledge of Trustee	34
SECTION 10.04.	Trustee’s Relation to Senior Indebtedness	34
SECTION 10.05.	Rights of Holders of Senior Indebtedness Not Impaired	35

ARTICLE 11	NOTE GUARANTEES	35
SECTION 11.01.	Guarantee	35
SECTION 11.02.	Limitation on Guarantor Liability	36
SECTION 11.03.	Execution and Delivery of Guarantee	36

ARTICLE 12	MISCELLANEOUS	36
SECTION 12.01.	Trust Indenture Act Controls	36
SECTION 12.02.	Notices	36
SECTION 12.03.	Communication by Holders of Securities with Other Holders of Securities	37
SECTION 12.04.	Certificate and Opinion as to Conditions Precedent	37
SECTION 12.05.	Statements Required in Certificate or Opinion	38
SECTION 12.06.	Rules by Trustee, Paying Agent and Registrar	38
SECTION 12.07.	No Personal Liability of Directors, Officers, Employees and Stockholders	38
SECTION 12.08.	GOVERNING LAW	38
SECTION 12.09.	No Adverse Interpretation of Other Agreements	38
SECTION 12.10.	Successors	38
SECTION 12.11.	Severability	38
SECTION 12.12.	Counterpart Originals	38
SECTION 12.13.	Table of Contents, Headings, Etc.	38

	WILMINGTON TRUST, NATIONAL ASSOCIATION

	By:	/s/Hailey E. Field
	Name: Hailey E. Field
	Title: Vice President

	WILMINGTON TRUST, NATIONAL ASSOCIATION


Dated: July 15, 2022	By:	/s/Hailey E. Field
		Name: Hailey E. Field
		Title: Vice President

ASSETS	Thousands of Dollars
Cash and balances due from depository institutions:		705,614
Securities:		5,933
Federal funds sold and securities purchased under agreement to resell:		0
Loans and leases held for sale:		0
Loans and leases net of unearned income, allowance:		72,971
Premises and fixed asset		25,215
Other real estate owned:		348
Investments in unconsolidated subsidiaries and associated companies:		0
Direct and indirect investments in real estate ventures:		0
Intangible assets:		0
Other assets:		65,733
Total Assets:		875,814

LIABILITIES	Thousands of Dollars
Deposits		11,764
Federal funds purchased and securities sold under agreements to repurchase		0
Other borrowed money:		0
Other Liabilities:		75,637
Total Liabilities		87,401

EQUITY CAPITAL	Thousands of Dollars
Common Stock		1,000
Surplus		526,042
Retained Earnings		261,498
Accumulated other comprehensive income		(127	)
Total Equity Capital		788,413
Total Liabilities and Equity Capital		875,814