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Senior Notes Sale Bolsters Icahn Enterprises’ Liquidity, Reduces Near-Term Debt

Icahn Enterprises L.P. (NASDAQ:IEP) is one of the 14 Best Cheap Dividend Stocks to Buy Under $10.

The company’s financial position improves with the first quarter earnings and the sales completion of $500 million in Senior Secured Notes.

Based in Florida, Icahn Enterprises L.P. (NASDAQ:IEP) is a diversified holding company operating in a wide range of business segments, including energy, automotive, food packaging, metals, and real estate. Founded in 1987, the company is controlled by Carl Icahn and his affiliates, who own approximately 86% of the outstanding depositary units as of June 30, 2025.

Icahn Enterprises L.P. (NASDAQ:IEP) saw an increase in NAV by $252 million from the first quarter. Specifically, the increase in the share price of CVI by 38% contributed to a notable $561 million increase from the first quarter. The company also highlighted in its second-quarter earnings call a 1% growth in revenue in the Auto Service Division in May and June.

Later, on August 19, 2025, Icahn Enterprises L.P. (NASDAQ:IEP) announced the completion of the sale of $500 million in Senior Secured Notes, priced at 99.01% of their face value. The sale led to proceeds of $493 million, which the company intends to use to partially redeem existing 6.250% Senior Notes due 2026.

With these financial developments backing the company, Icahn Enterprises L.P. (NASDAQ:IEP) offers a dividend yield of 23.20%. The stock is available at a cheap price of $8.62 as of August 28, 2025.

While we acknowledge the risk and potential of IEP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than IEP and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 11 Best Energy Dividend Stocks to Invest in and 11 Best Annual Dividend Stocks to Buy According to Hedge Funds

Disclosure. None.

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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