Iconix Announces Upsizing and Pricing of $275 Million of 4.352% Senior Secured Notes

Iconix Announces Upsizing and Pricing of $275 Million of 4.352% Senior Secured

PR Newswire

NEW YORK, June 14, 2013

NEW YORK, June 14, 2013 /PRNewswire/ -- Iconix Brand Group, Inc. (Nasdaq:
ICON) ("Iconix") announced the pricing of certain of its subsidiaries' (the
"co-issuers") private offering of $275 million aggregate principal amount of
4.352% senior secured notes (the "notes") under its existing securitization
program. The size of the notes offering was increased from the previously
announced $250 million principal amount to $275 million principal amount. The
notes will be offered only to qualified institutional buyers in reliance on
Rule 144A and outside the United States to non-U.S. persons in compliance with
Regulation S of the Securities Act of 1933, as amended (the "Securities Act").
The offering is expected to close on June 21, 2013, subject to customary
closing conditions.

The notes will be secured by substantially all of the assets of the
co-issuers, which include, among other things, intellectual property assets,
including U.S. and Canadian trademarks and related license agreements, and the
rights to receive payments thereunder, joint venture interests and various
accounts. The notes will pay interest quarterly in cash on January 25, April
25, July 25 and October 25 at a rate of 4.352% per year, commencing July 25,
2013 and will have an anticipated repayment date of January 25, 2020.

Iconix estimates that the net proceeds from the offering of the notes will be
approximately $265 million, after deducting the initial purchasers' discount
and estimated offering expenses. In addition, Iconix expects for the
co-issuers 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.

This press release shall not constitute an offer to sell or the solicitation
of an offer to buy these securities, nor shall there be any sale of these
securities in any state in which such offer, solicitation or sale would be
unlawful prior to registration or qualification under the securities laws of
any such state.

Iconix Brand Group, Inc. owns, licenses and markets a growing portfolio of
consumer brands including: CANDIE'S®, BONGO®, BADGLEY MISCHKA®, JOE BOXER®,
addition, Iconix owns interests in the ARTFUL DODGER®, MATERIAL GIRL®,
AMUSEMENT®, and BUFFALO® brands. Iconix and its subsidiaries license its
brands to a network of leading retailers and manufacturers that touch every
major segment of retail distribution from the luxury market to the mass market
in both the U.S. and worldwide. Through its in-house business development,
merchandising, advertising and public relations departments Iconix manages its
brands to drive greater consumer awareness and equity.

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995. The statements that are not historical facts contained in this press
release are forward-looking statements that involve a number of known and
unknown risks, uncertainties and other factors, all of which are difficult or
impossible to predict and many of which are beyond the control of Iconix,
which may cause the actual results, performance or achievements of Iconix to
be materially different from any future results, performance or achievements
expressed or implied by such forward looking statements. Such factors include,
but are not limited to, uncertainty regarding the results of Iconix's
acquisition of additional licenses, continued market acceptance of current
products and the ability to successfully develop and market new products
particularly in light of rapidly changing fashion trends, the impact of supply
and manufacturing constraints or difficulties relating to Iconix's licensees'
dependence on foreign manufacturers and suppliers, uncertainties relating to
customer plans and commitments, the ability of licensees to successfully
market and sell branded products, competition, uncertainties relating to
economic conditions in the markets in which Iconix operates, the ability to
hire and retain key personnel, the ability to obtain capital if required, the
risks of litigation and regulatory proceedings, the risks of uncertainty of
trademark protection, the uncertainty of marketing and licensing acquired
trademarks and other risks detailed in Iconix's SEC filings. The words
"believe", "anticipate", "estimate", "expect", "confident", "continue",
"will", "project", "provide" "guidance" and similar expressions identify
forward-looking statements. Readers are cautioned not to place undue reliance
on these forward looking statements, which speak only as of the date the
statement was made. All forward-looking statements are qualified by these
cautionary statements and apply only as of the date they are made. Iconix
undertakes no obligation to update any forward-looking statement, whether as a
result of new information, future events or otherwise.

Jaime Sheinheit
Investor Relations
Iconix Brand Group

SOURCE Iconix Brand Group
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