Iconix Brand Group is planning to issue a securitization of flows from brand licensing for $250 million, the company said in a release. The deal will be a 144a.
The company issued a $600 million securitization last November, with Barclays as the arranger. The upcoming transaction will be a re-tap of that deal, according to a market source. In October 2012, Iconix said it was launching a
The proceeds of the upcoming deal will be deployed for general corporate purposes. Iconix Brand Group, Inc. owns, licenses and markets a vast portfolio of brands including: CANDIE'S®, BONGO®, JOE BOXER®, MOSSIMO®, LONDON FOG®, OCEAN PACIFIC®, DANSKIN®, CANNON®, ROYAL VELVET®, FIELDCREST®, CHARISMA®, STARTER®, WAVERLY®, ED HARDY®, SHARPER IMAGE®, UMBRO®, LEE COOPER®, ECKO®, and MARC ECKO®.
