Iconix Brands Going Private Acquisition (Americas Podcast)

On this week’s Americas Core Credit weekly podcast our expert team of covenants analysts, including Richard Barbour and Julian Bulaon, discuss Iconix Brands going private acquisition in detail.  Iconix Brands’ recently announced going private acquisition by Lancer Capital and the change of control implications under their debt docs is being structured as a two step merger. In broad strokes, the purchaser commences a tender offer to acquire all outstanding shares of Iconix’s common stock, and in this case that’s for $3.15 per share in cash. Assuming that the shares that are tendered in the offer and those held by the company constitute a majority, the remaining shares are acquired in a backed-in merger at the same cash price as the initial tender offer. The Iconix Brands going private acquisition, in terms of the shareholder vote, is implicitly the same as the initial tender offer in this case. 

Click through to listen to the full podcast on Spotify, iTunes or SoundCloud for our discussion between Reorg Covenants analysts Julian Bulaon and Richard Barbour on Iconix Brands, including their recently announced going-private acquisition by Lancer Capital and the change of control implications under their debt docs as well as our viewpoints on Washington Prime Group, Mallinckrodt, Dawn Acquisitions, and Puerto Rico.