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Iconix’s Private Note Offering

Company plans to offer, subject to market conditions, a $325 million aggregate principal amount of convertible senior subordinated notes due in 2018.

Iconix Brand Group Inc. plans to offer, subject to market conditions, a $325 million aggregate principal amount of convertible senior subordinated notes due in 2018 in a private offering to institutional buyers.

Iconix said it expects to use the net proceeds from the offering in part to fund the repurchase of up to $75 million of its common stock in privately negotiated transactions, as well as for general corporate purposes that could include investing in or acquiring new brands.

The notes are set to mature on March 15, 2018. Prior to Dec. 15, 2017, the notes will be convertible only upon the occurrence of certain events and during certain periods. After Dec. 15, the notes are convertible at any time until the business day before the maturity date.

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