Iconix Brand Group Inc., which is in the process of going private, announced it has caused to be delivered a Notice of Full Conditional Redemption to the trustee of its outstanding 5.75 percent convertible senior notes due 2023.
The notice calls for the Redemption of the $125 million initial aggregate principal amount of the Notes on August 4, 2021 and is conditioned on the consummation of the company’s previously announced merger with Lancer Capital LLC.
The Redemption price for the notes is 100 percent of the principal amount redeemed, which amount is equal to $1,000 per $1,000 principal amount plus accrued and unpaid interest to the redemption date.
Iconix’s brands include Mossimo, Ocean Pacific/OP, Danskin, Rampage, Joe Boxer, London Fog, Mudd, Candie’s, Buffalo, Starter, Rocawear, Zoo York, Ecko Unltd, Artful Dodger, Umbro, Lee Cooper, Ed Hardy, Pony. Royal Velvet, Canon, Fieldcrest, and Sharper Image.
Photo courtesy Iconix Brand Group
