Iconix Brands plans to prepay term loan debt with new issue proceeds

By Melissa Kory

Cleveland, May 16 - Iconix Brand Group, Inc. announced that it intends to prepay the outstanding debt under its term loan facility due Jan. 1, 2012 with proceeds from a private offering of notes.

The company plans to issue $275 million of convertible senior subordinated notes due 2016, according to a company press release.

Iconix is a New York-based brand management company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.