NEW YORK, Aug. 21, 2017 /PRNewswire/ -- Iconix Brand
Group, Inc. (Nasdaq: ICON) ("Iconix" or the "Company"), today
announced that it has amended its $100
million variable funding notes to extend the renewal date
from January 2018 to January
2020. With this amendment, the Company will have no long-term
debt maturities prior to 2020.
About Iconix Brand Group, Inc.
Iconix Brand Group, Inc. owns, licenses and markets a
portfolio of consumer brands including: CANDIE'S (R), BONGO
(R), JOE BOXER (R), RAMPAGE (R), MUDD (R), MOSSIMO (R),
LONDON FOG (R), OCEAN PACIFIC (R),
DANSKIN (R), ROCAWEAR (R), CANNON (R), ROYAL VELVET (R), FIELDCREST
(R), CHARISMA (R), STARTER (R), WAVERLY (R), ZOO YORK
(R), UMBRO (R), LEE COOPER (R), ECKO UNLTD.
(R), MARC ECKO (R), and ARTFUL DODGER. In addition,
Iconix owns interests in the MATERIAL GIRL (R), ED
HARDY (R), TRUTH OR DARE (R), MODERN AMUSEMENT (R), BUFFALO
(R), and PONY (R) brands. The Company licenses its brands to a
network of leading retailers and manufacturers that touch every
major segment of retail distribution in both the U.S. and
worldwide. Through its in-house business development,
merchandising, advertising and public relations departments, Iconix
manages its brands to drive greater consumer awareness and
equity.
Forward-Looking Statements
In addition to historical information, this press release
contains forward-looking statements within the meaning of the
federal securities laws. Such forward-looking statements include
projections regarding the Company's beliefs and expectations about
future performance and, in some cases, may be identified by words
like "anticipate," "assume," "believe," "continue," "could,"
"estimate," "expect," "intend," "may," "plan," "potential,"
"predict," "project," "future," "will," "seek" and similar terms or
phrases. These statements are based on the Company's beliefs and
assumptions, which in turn are based on information available as of
the date of this press release. Forward-looking statements involve
known and unknown risks and uncertainties, which could cause actual
results to differ materially from those contained in any
forward-looking statement and could harm the Company's business,
prospects, results of operations, liquidity and financial condition
and cause its stock price to decline significantly. Many of these
factors are beyond the Company's ability to control or predict.
Important factors that could cause the Company's actual results to
differ materially from those indicated in the forward-looking
statements include, among others: the ability of the Company's
licensees to maintain their license agreements or to produce and
market products bearing the Company's brand names, the Company's
ability to retain and negotiate favorable licenses, the Company's
ability to meet its outstanding debt obligations and the events and
risks referenced in the sections titled "Risk Factors" in the
Company's Annual Report on Form 10-K for the year ended
December 31, 2016 and subsequent
Quarterly Reports on Form 10-Q and in other documents filed or
furnished with the Securities and Exchange Commission. These
forward-looking statements are made only as of the date hereof,
and, except as required by applicable law, the Company undertakes
no obligation to update or revise publicly any forward-looking
statements.
Contact Information:
Jaime Sheinheit
Iconix Brand Group
jsheinheit@iconixbrand.com
212.730.0030
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SOURCE Iconix Brand Group, Inc.