The notes will bear interest at 4.352% per annum, payable quarterly, and will have an anticipated repayment date of January 25, 2020.
Iconix expects to use the net proceeds from the offering of the notes for general corporate purposes, which may include, but are not limited to, investing in or acquiring new brands through opportunistic mergers, stock or asset purchases and/or other strategic relationships, although there are no present commitments or agreements with respect to any such investments or acquisitions.
The notes were offered and sold to certain eligible purchasers pursuant to Rule 144A and in reliance on Regulation S, each under the Securities Act of 1933, as amended (the "Securities Act").
These securities have not been registered under the Securities Act or any state securities laws, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any applicable state securities laws.
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