ICON Iconix Brand Group Inc

NEW YORK, Dec. 13 /PRNewswire-FirstCall/ -- Iconix Brand Group, Inc. ("Iconix" or the "Company") (NASDAQ:ICON) announced today the closing of the public offering of 13,874,750 shares of its common stock at $18.75 per share, of which 3,090,000 shares were sold by the selling stockholders named in the prospectus, including Mudd (USA) LLC, Mossimo Giannulli, members of the Company's senior management team and certain members of the Company's board of directors. The net proceeds to Iconix, after payment of underwriting discounts and other estimated expenses of the offering, were approximately $189.7 million. Iconix intends to use the net proceeds for debt repayment and general corporate purposes. Iconix did not receive any proceeds from the shares sold by the selling stockholders. The total number of shares sold included 1,809,750 shares of common stock (1,409,750 shares from the Company and 400,000 shares from certain of the selling stockholders) sold in connection with the full exercise of the over-allotment option granted to the underwriters. Merrill Lynch & Co. and Lehman Brothers acted as joint bookrunning managers for the offering, with Lazard Capital Markets, Piper Jaffray and Wachovia Securities acting as co-managers for the offering. Iconix Brand Group Inc. owns, licenses and markets a growing portfolio of consumer brands including CANDIE'S(R), BONGO(R), BADGLEY MISCHKA(R), JOE BOXER(R), RAMPAGE(R), MUDD(R), LONDON FOG(R), MOSSIMO(R) and OCEAN PACIFIC(R). 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 around the world. Iconix, through its in-house advertising, promotion and public relations agency, markets its brands to continually drive greater consumer awareness and equity. Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. The statements that are not historical facts contained in this press release are forward looking statements that involve a number of known and unknown risks, uncertainties and other factors, all of which are difficult or impossible to predict and many of which are beyond the control of the Company, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Such factors include, but are not limited to, uncertainty regarding the results of the Company's acquisition of additional licenses, continued market acceptance of current products and the ability to successfully develop and market new products particularly in light of rapidly changing fashion trends, the impact of supply and manufacturing constraints or difficulties relating to the Company's licensees' dependence on foreign manufacturers and suppliers, uncertainties relating to customer plans and commitments, the ability of licensees to successfully market and sell branded products, competition, uncertainties relating to economic conditions in the markets in which the Company operates, the ability to hire and retain key personnel, the ability to obtain capital if required, the risks of litigation and regulatory proceedings, the risks of uncertainty of trademark protection, the uncertainty of marketing and licensing acquired trademarks and other risks detailed in the Company's SEC filings. The words "believe," "anticipate," "expect," "confident," "project," provide "guidance" and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward looking statements, which speak only as of the date the statement was made. Contact: David Conn Executive Vice President Iconix Brand Group 212.730.0030 Joseph Teklits Integrated Corporate Relations 203.682.8200 DATASOURCE: Iconix Brand Group, Inc. CONTACT: David Conn, Executive Vice President of Iconix Brand Group, +1-212-730-0030; or Joseph Teklits of Integrated Corporate Relations, +1-203-682-8200, for Iconix Brand Group Web site: http://iconixbrand.com/

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