Iconix Brand issues 250 million dollars offer in secured notes

Iconix Brand Group has unveiled its plans

to offer 250 million dollars in senior secured notes to institutional buyers. Proceeds will be used for “general corporate purposes.”

Iconix Brand Group, Inc. (Nasdaq: ICON) announced that certain of its subsidiaries intend to offer, “subject to market and other conditions,” 250 million dollars aggregate principal amount of senior secured notes in a private offering under its existing securitization program.

The notes will be offered only to qualified institutional buyers in reliance on latest reviewed laws and regulations.

Iconix expects for its subsidiaries to distribute the net proceeds to Iconix, and Iconix expects to use the net proceeds from the offering of the notes for general corporate purposes, which may include, but are not limited to, investing in or acquiring new brands through opportunistic mergers, stock or asset purchases and/or other strategic relationships, although there is no present commitments or agreements with respect to any such investments or acquisitions.

The notes have not been registered under the Securities Act or applicable state securities laws and may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws.