Iconix Brand announces $250 million offering of secured notes

By Paul A. Harris

Portland, Ore., June 11 - Iconix Brand Group, Inc. announced in a Tuesday press release that it plans to offer $250 million of senior secured notes via Rule 144A and Regulation S.

Proceeds from the offering would be used for general corporate purposes, which may include investing in or acquiring new brands through opportunistic mergers, stock or asset purchases and/or other strategic relationships.

The company specified in the release, however, that there are no present commitments or agreements with respect to any such investments or acquisitions.

Iconix is a New York-based company that owns, licenses and markets consumer brands to retailers and manufacturers.

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