Implications of Acquisition on Iconix Brands' Debt

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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.

On this week’s podcast the Americas Core Credit by Reorg team discusses highlights from this week as well as a look ahead at the upcoming week, plus this week our podcast features a discussion between Reorg Covenants analysts Julian Bulaon and Richard Barbour on Iconix Brands (https://app.reorg.com/v3#/dashboard/4703), including their recently announced going-private acquisition by Lancer Capital and the change of control implications under their debt docs. If you are not a Reorg subscriber, request access here: go.reorg-research.com/Podcast-Trial