Iconix Brand Group, Inc. (ICON) said Tuesday that certain of its subsidiaries plan to offer $250 million aggregate principal amount of senior secured notes in a private offering under its existing securitization program.
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.
For comments and feedback: editorial@rttnews.com