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Iconix Reviewing Financing Options, Starts Investor Talks

Katherine Doherty
Iconix Reviewing Financing Options, Starts Investor Talks

Iconix Brand Group Inc. says it’s reviewing all options to address debt that’s coming due, including a new securitization facility, and plans to talk to its investors in the coming quarters. On a conference call to discuss second quarter results, interim Chief Executive Officer Peter Cuneo said Iconix is working with Guggenheim as a financial adviser to review its financing options for near-term debt maturities. The company’s $486 million securitization facility matures in January 2020, said Chief Financial Officer Dave Jones on the call.