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Iconix Completes $275 Million Securitization Transaction



           Iconix Completes $275 Million Securitization Transaction

PR Newswire

NEW YORK, June 24, 2013

NEW YORK, June 24, 2013 /PRNewswire/ -- Iconix Brand Group, Inc. (Nasdaq:
ICON) ("Iconix" or the "Company") today announced that certain of its
subsidiaries have completed the issuance of the previously announced $275
million of senior secured notes (the "notes") in a private transaction under
its existing securitization program. The notes will bear interest at 4.352%
per annum, payable quarterly, and will have an anticipated repayment date of
January 25, 2020.

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 are no
present commitments or agreements with respect to any such investments or
acquisitions.

The notes were offered and sold to certain eligible purchasers pursuant to
Rule 144A and in reliance on Regulation S, each under the Securities Act of
1933, as amended (the "Securities Act").  These securities have not been
registered under the Securities Act or any state securities laws, and, unless
so registered, may not be offered or sold in the United States absent
registration or an applicable exemption from, or in a transaction not subject
to, the registration requirements of the Securities Act and any applicable
state securities laws.  

This press release is neither an offer to sell nor the solicitation of an
offer to buy the notes or any other security, and shall not constitute an
offer, solicitation or sale of the notes or any other security in any
jurisdiction in which such offer, solicitation or sale would be unlawful.

Iconix Brand Group, Inc. owns, licenses and markets a growing portfolio of
consumer brands including: CANDIE'S®, BONGO®, BADGLEY MISCHKA®, JOE BOXER®,
RAMPAGE®, MUDD®, MOSSIMO®, LONDON FOG®, OCEAN PACIFIC®, DANSKIN®, ROCAWEAR®,
CANNON®, ROYAL VELVET®, FIELDCREST®, CHARISMA®, STARTER®, WAVERLY®, ZOO YORK®,
ED HARDY®, SHARPER IMAGE®, UMBRO®, LEE COOPER®, ECKO®, and MARC ECKO®.  In
addition, Iconix owns interests in the ARTFUL DODGER®, MATERIAL GIRL®,
PEANUTS®, TRUTH OR DARE®, BILLIONAIRE BOYS CLUB®, ICE CREAM®, MODERN
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.

Contact:
Jaime Sheinheit
Investor Relations
Iconix Brand Group
212.730.0030

SOURCE Iconix Brand Group, Inc.

Website: http://www.iconixbrand.com
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