News Formal

Icahn unties personal loans from his investment firm's share price, shares jumps

  • 📰 Reuters
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Billionaire activist investor Carl Icahn has amended the terms of his personal loans to separate them from the price of Icahn Enterprises' depositary units, the investment firm disclosed in a filing on Monday.

, which amends and restates previous loan agreements with such lenders and consolidates all of Icahn's borrowings, the filing said.

Icahn will repay a principal of $500 million on or before Sept. 1, eight quarterly principal payments of $87.5 million beginning a year after that, and a final principal payment of $2.5 billion at the end of the term.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Icahn Enterprises shares jump on report of loan agreement and other stocks on the moveIcahn Enterprises, Alibaba and Northern Trust are stocks on the move.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks making the biggest premarket moves: Advance Auto Parts, Icahn Enterprises, Meta, Fisker and moreThese are the stocks posting the largest moves in the premarket.
Source: CNBC - 🏆 12. / 72 Read more »