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Reorg Radio

Americas Core Credit: Iconix Brands Recently Announced Going-Private Acquisition (June 17, 2021)

Jun 18, 2021
21:46
Snipd AI
Reorg Covenants analysts Julian Bulaon and Richard Barbour discuss Iconix Brands' going-private acquisition by Lancer Capital and its debt implications. The podcast also covers a bankruptcy filing of a real estate investment trust, objections to a disclosure statement, Mallin Crop debtors' approval, and strategic moves by Iconix and Lancer Capital.
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Podcast summary created with Snipd AI

Quick takeaways

  • Iconix Brands acquired by Lancer Capital in going-private deal, impacting debt docs.
  • Challenges faced by Evoque Data Centers include high customer churn and declining liquidity.

Deep dives

Ohio-based Shopping Center Real Estate Investment Trust Files for Chapter 11 with RSA in Place

Washington Prime Group, a Columbus, Ohio-based shopping center, filed for chapter 11 protection with $4 billion in assets and $3.5 billion in liabilities. Supported by holders of the 2018 credit facility, unsecured notes, and other facilities, the RSA outlines an equitization plan or an alternative recapitalization. The plan includes a new money equity rights offering, a comprehensive marketing process for alternative sale scenarios, and approval from Judge Marvin Isger at the hearing.

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