Iconix announces conditional notice of redemption concerning its outstanding 5.75% convertible notes

New york, aug. 03, 2021 (globe newswire) -- iconix brand group, inc. (nasdaq: icon) (“iconix” or the “company”) today announced it has caused to be delivered a notice of full conditional redemption (the “notice”) to the trustee of its outstanding 5.75% convertible senior notes due 2023 (the “notes”). the notice calls for the redemption of the $125 million initial aggregate principal amount of the notes on august 4, 2021, and is conditioned on the consummation of the company's previously announced merger (the “merger”) with iconix merger sub inc. pursuant to that certain agreement and plan of merger, dated june 11, 2021, among the company, iconix acquisition llc and iconix merger sub inc. the notice supersedes and replaces the company's previously announced notice of conditional redemption delivered on july 16, 2021.
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