Icahn Enterprises L.P. Announces Pricing of $500 Million Senior Notes Offering\n\nIcahn Enterprises L.P. (NASDAQ:IEP) has announced the pricing of its offering of $500 million in senior notes, which is expected to close on December 19, 2023. The private placement, not registered under the Securities Act of 1933, will be used to redeem the Issuers’ existing 4.75% Senior Unsecured Notes due 2024.\n\nThe Notes will be issued under an indenture by and among the Issuers, Icahn Enterprises Holdings L.P., and Wilmington Trust, National Association, as trustee, and will be guaranteed by the Guarantor. The net proceeds from the offering, along with cash on hand, will be used for the redemption.\n\nIcahn Enterprises L.P. Is a diversified holding company with subsidiaries engaged in various industries, including investment, energy, automotive, food packaging, real estate, home fashion, and pharma. The company’s expected future business and financial performance have been highlighted, but actual events, results, and outcomes may differ due to various risks and uncertainties.\n\n Icahn Enterprises L.P. Has announced the pricing of its $500 million senior notes offering, which will be used to redeem existing notes.

Tesla Receives Land-Use Permits for Gigafactory in Mexico\n\nOn Tuesday, the state government of Nuevo Leon announced that electric automaker Tesla has received land-use permits from Mexico's federal environment ministry to build a planned gigafactory in the northern border state. This is a significant step forward for the company, as they continue to expand their operations and solidify their position as a leader in the electric vehicle industry.\n\nThe designated land spans over 261 hectares and is estimated to cost more than $5 billion, although Tesla has yet to share a capital cost forecast. This Gigafactory is expected to bring in $15 billion over the next two years through Tesla and its suppliers, according to Nuevo Leon Governor Samuel Garcia. This project is seen as a testament to the growing trend of nearshoring as companies seek to move production away from Asia and closer to the United States.\n\n The positive news, CEO Elon Musk expressed hesitation in moving forward with the factory due to the uncertain economy. The Nuevo Leon government has committed to investing over $130 million in infrastructure to support construction. This includes building an electric power substation, natural gas pipeline, railroad spurs, roads, and services for water and sewage.\n\nThe Gigafactory in Mexico is a significant development for Tesla, as it highlights their commitment to expanding their operations and solidifies their position as a leader in the electric vehicle industry. The company and a spokesperson for the state did not respond to requests for comment, and a timeline for construction has not yet been provided.\n\nIn a Tesla's receipt of land-use permits for their gigafactory in Mexico is a significant step forward for the company.