Iconix Brand announces $150 mn revolving credit agreement

23 Nov '11

1 min read

Iconix Brand Group Inc. announced that it has entered into a two-year $150 million secured revolving credit agreement with Barclays Capital, Goldman Sachs Bank USA, and GE Capital Markets. The new revolving credit agreement was put in place to maintain flexibility and enhance the Company's capital structure.

Warren Clamen, Chief Financial Officer, stated, "This revolver provides us with access to low cost capital, allowing us to remain opportunistic with our acquisition strategy and our recently announced share repurchase program."

Iconix Brand Group, Inc. owns, licenses and markets a growing portfolio of consumer brands including CANDIE'S, BONGO, BADGLEY MISCHKA, JOE BOXER, RAMPAGE, MUDD, LONDON FOG, MOSSIMO, OCEAN PACIFIC, DANSKIN ROCA WEAR, CANNON, ROYAL VELVET, FIELDCREST, CHARISMA, STARTER, ZOO YORK, WAVERLY and SHARPER IMAGE.

In addition, Iconix owns an interest in the ARTFUL DODGER, ED HARDY, ECKO, MARC ECKO, MATERIAL GIRL, TRUTH OR DARE and PEANUTS brands. The Company licenses 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.

Iconix Brand Group

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