Iconix draws $110 million of term loan to repay maturing convertibles

By Wendy Van Sickle

Columbus, Ohio, March 14 – Iconix Brand Group, Inc. drew down $110 million under its senior secured term loan, according to a press release issued Wednesday.

Proceeds were used, along with cash on hand, to repay the company’s 1.5% convertible senior subordinated notes due 2018 at maturity.

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

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