Billionaire Investor Carl Icahn Amends Loan Terms to Resolve Short-Seller Attack

Carl Icahn finalized new loan agreements with banks to decouple his personal loans from the share price of his holding company Icahn Enterprises.
Icahn pledged an additional $6 billion in collateral, including $2 billion of his own funds, to address lenders' concerns.
The new terms stipulate that margin calls will only be triggered by changes in the net asset value of Icahn Enterprises' investments.
Icahn will repay the loans over three years, beginning with a $500 million payment in September and quarterly payments of $87.5 million thereafter.
The amended loan agreements helped boost shares of Icahn Enterprises by 18% and added nearly $1 billion to Icahn's personal fortune.