Iconix accelerates redemption of 5.75% convertibles due 2023

Chicago, Aug. 3 – Iconix Brand Group, Inc. accelerated the redemption of its 5.75% convertible senior notes due 2023 and will now redeem them on Aug. 4, according to an 8-K filing with the Securities and Exchange Commission.

Originally, the company had announced an Aug. 16 redemption.

The redemption price will still be par.

The redemption is conditioned on the consummation of the company’s previously announced merger with Iconix Merger Sub Inc. pursuant to the merger agreement from June 11.

The notice on Tuesday replaces and supersedes the earlier notice from July 16.

Bank of New York Mellon Trust Co., NA is the trustee.

Iconix is a New York-based owner, licenser and marketer of consumer brands.

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