Icahn Enterprises L.P. announced that it, together with Icahn Enterprises Finance Corp., commenced cash tender offers to purchase any and all of the $1.05 billion outstanding aggregate principal amount of their 7.750% senior notes due 2016 and the $2.450 billion outstanding aggregate principal amount of their 8.000% senior notes due 2018. The tender offers are being made pursuant to separate offers to purchase for each of the 2016 notes and the 2018 notes, dated January 6, 2014, and related letters of transmittal, which more fully set forth the terms and conditions of the tender offers. The holders of notes who validly tender (and do not validly withdraw) their notes on or prior to January 17, 2014 (the early tender deadline) will be eligible to receive the total consideration, which includes an early tender premium of $30.00 per $1,000 principal amount of notes tendered (the early tender premium).

The holders who validly tender their notes after January 17, 2014 but at or prior to February 3, 2014, will be entitled to receive only the base consideration. The company will also pay any and all accrued and unpaid interest on the Notes accepted for purchase, from and including the last date upon which interest was paid up to, but not including, the applicable day of payment the tender offers will expire at 11:59 p.m., New York City time, on February 3, 2014, unless terminated or extended (the expiration time). Any such extension will be followed by a public announcement no later than 9:00 a.m., New York City time, on the first business day after the previously scheduled Expiration Time.

Holders of Notes may withdraw their notes on or prior to the early tender deadline, but not thereafter. Each tender offer is subject to certain customary conditions, including the financing condition. If any of the conditions are not satisfied or waived, the company is not obligated to accept for payment, purchase or pay for, and may delay the acceptance for payment of, any tendered Notes and may terminate one or more tender offers.