Americas Core Credit: Iconix Brands Recently Announced Going-Private Acquisition (June 17, 2021)
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Implications of Acquisition on Iconix Brands' Debt
The chapter analyzes the acquisition of Iconix Brands by Lancer Capital, focusing on the implications for the company's existing debt, including term loans and convertible notes. It explains the triggers for default in the debt documents due to changes in ownership or control of the company and delves into refinancing strategies employed by Iconix Brands to facilitate the acquisition. The chapter also discusses the options available to convertible note holders in response to the going-private acquisition transaction.
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