Iconix $212.5 million term loan to launch April 12

By Sara Rosenberg

New York, April 5 - Iconix Brand Group Inc. is scheduled to hold a bank meeting on April 12 to launch its proposed $212.5 million six-year senior secured term loan, according to a market source.

Lehman Brothers is the lead bank on the deal.

Proceeds from the term loan, which has already been funded, were used to help fund the acquisitions of Rocawear and Danskin.

Iconix is a New York-based owner, licenser and marketer of consumer brands.

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