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Iconix Brand Group Inc (ICON.O)

ICON.O on Nasdaq

1.45USD
11 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Iconix Brand Group Sees Q3 Shr Loss From Cont Ops Of $0.10
Wednesday, 6 Dec 2017 09:00am EST 

Dec 6 (Reuters) - Iconix Brand Group Inc ::ICONIX BRAND GROUP - EXPECTS (NOT REPORTS) Q3 LOSS PER SHARE FROM CONTINUING OPERATIONS $0.10.ICONIX REPORTS PRELIMINARY THIRD QUARTER 2017 RESULTS AND PROVIDES UPDATE ON INTANGIBLE ASSET IMPAIRMENT.SEES Q3 2017 NON-GAAP EARNINGS PER SHARE ABOUT $0.24 FROM CONTINUING OPERATIONS.Q3 EARNINGS PER SHARE VIEW $0.11 -- THOMSON REUTERS I/B/E/S.COMPANY EXPECTS LICENSING REVENUE FOR Q3 OF 2017 TO BE APPROXIMATELY $53.2 MILLION, A 12% DECLINE.EXPECTS NON-GAAP DILUTED EPS FROM CONTINUING OPERATIONS FOR Q3 TO BE ABOUT $0.24.ICONIX BRAND - EXPECTS TO RECOGNIZE NON-CASH INTANGIBLE ASSET IMPAIRMENT CHARGE IN Q3 OF ABOUT $500 MILLION TO $750 MILLION PRIMARILY RELATED TO WOMEN'S SEGMENT.BELIEVES THAT FULL YEAR 2017 RESULTS WILL BE WITHIN PREVIOUSLY ISSUED GUIDANCE.ALSO EXPECTS TO HAVE A NON-CASH TAX CHARGE OF ABOUT $15 MILLION RELATED TO WRITE OFF OF CERTAIN DEFERRED TAX ASSETS IN Q3.  Full Article

Iconix Brand Group Enters Second Amendment, Consent And Limited Waiver To Credit Agreement
Monday, 27 Nov 2017 09:00am EST 

Nov 27 (Reuters) - Iconix Brand Group Inc ::ICONIX BRAND GROUP - ‍ON NOV 24, CO THROUGH UNIT ENTERED SECOND AMENDMENT, CONSENT AND LIMITED WAIVER TO CREDIT AGREEMENT, DATED AUG 2, 2017​.ICONIX BRAND GROUP - ‍LENDERS AGREED, PURSUANT TO TERMS OF AMENDMENT TO WAIVE UNTIL DEC 22, POTENTIAL DEFAULTS ARISING UNDER CREDIT AGREEMENT​.  Full Article

Nickelodeon says partners with Danskin to launch line of dance, athleisure wear
Monday, 20 Nov 2017 10:00am EST 

Nov 20 (Reuters) - Nickelodeon::Nickelodeon says partners with Danskin to launch line of dance and athleisure wear inspired by JoJo Siwa​.  Full Article

Iconix Brand Group's unit enters into amendment to credit agreement​
Monday, 30 Oct 2017 10:55am EDT 

Oct 30 (Reuters) - Iconix Brand Group Inc ::On Oct 27, co, through unit entered limited waiver and amendment no. 1 to credit agreement​ - SEC filing.Says ‍amendment provides for reduction in existing $300 million term loan​.Says ‍under terms of original credit agreement, company established an escrow account​.  Full Article

Iconix provides business update and amends term loan
Monday, 30 Oct 2017 09:16am EDT 

Oct 30 (Reuters) - Iconix Brand Group Inc :Iconix provides business update and announces amendment to term loan.Informed by Walmart that Danskinnow license, which is a diffusion of Danskin brand, will not be renewed beyond January 2019​.As a result, royalty revenue for Danskin brand is estimated to decline approximately $15.5 million in 2018​.Due to some developments, co forecasted that it would unlikely be in compliance with some its financial debt covenants in 2018.Recently engaged in talks with lenders to provide relief under financial debt covenants, entered amendment of senior secured term loan.As a result of discussions with lenders, ‍co agreed to reduce size of credit facility by approximately $75 million to $225 million​.Continues to evaluate capital raising options to repay debt, strategic alternatives, including sale of certain assets or entire co.Danskin will continue to be distributed to leading retailers including Lord & Taylor, Costco and TJMaxx​.Working with Guggenheim Securities LLC as its financial advisor in connection with ongoing efforts to "strengthen its balance sheet".  Full Article

Iconix Brand Group files for non-timely 10-Q - SEC filing‍​
Wednesday, 9 Aug 2017 04:47pm EDT 

Aug 9 (Reuters) - Iconix Brand Group Inc :Iconix Brand Group files for non-timely 10-Q - SEC filing‍​.Iconix Brand - co requires additional time to reflect in financial statements deconsolidation of Southeast Asia joint venture.  Full Article

Iconix Brand says Q2 preliminary non-gaap EPS $0.26 from continuing operations
Wednesday, 9 Aug 2017 08:48am EDT 

Aug 9 (Reuters) - Iconix Brand Group Inc ::Q2 preliminary non-gaap earnings per share $0.26 from continuing operations .Iconix Brand Group reports preliminary second quarter 2017 financial results.Q2 earnings per share view $0.19 -- Thomson Reuters I/B/E/S.Sees FY 2017 revenue about $225 million to $235 million.Sees FY 2017 non-gaap earnings per share $0.65 to $0.70.Q2 preliminary adjusted non-gaap earnings per share $0.39.Q2 preliminary gaap loss per share $0.30 from continuing operations.Revising down 2017 guidance​.Expects 2017 gaap eps to be a loss of $0.06 to loss of $0.01​.Expects full year 2017 free cash flow to be in a range of $65 million to $82 million​.‍"Organic growth is taking longer than originally anticipated"​.Iin course of finalizing results for q2 of 2017, co determined that its southeast asia joint venture should be deconsolidated​.‍Q2 preliminary​ licensing revenue $61.6 million, a 10% decline.  Full Article

Iconix Brand enters new 5-yr $300 mln senior secured term loan facility ​
Wednesday, 2 Aug 2017 09:58am EDT 

Aug 2 (Reuters) - Iconix Brand Group Inc ::Has entered into a new five-year $300 million senior secured term loan facility with Deutsche Bank AG​.New $300 million term loan will bear interest at libor + 7.0 pct per annum​.Proceeds from loan facility will be used to repay company's convertible senior subordinated notes due march 2018.  Full Article

Iconix Brand Group acquires ownership of Iconix Canada
Thursday, 20 Jul 2017 08:00am EDT 

July 20 (Reuters) - Iconix Brand Group Inc ::Iconix Brand Group acquires 100% ownership of Iconix Canada.Iconix Brand Group Inc - that it has bought back remaining 50% interest in Iconix Canada from its joint venture partner for $19 million.Iconix Brand Group Inc - ‍separately, Iconix will retain its 51% interest in Buffalo brand.​.Iconix Brand Group Inc - ‍under terms of agreement, Iconix paid $12 million upon closing​.Iconix Brand Group Inc - ‍under terms of agreement, Iconix paid $12 million upon closing, with remaining $7 million to be paid over next two years​.  Full Article

Iconix reduces debt by $362 mln and completes the sale of the entertainment segment
Monday, 3 Jul 2017 08:00am EDT 

July 3 (Reuters) - Iconix Brand Group Inc :Iconix reduces debt by $362 million and completes the sale of the entertainment segment.Iconix Brand Group - Reduction of debt in conjunction with completion of previously reported sale of its entertainment segment for $345 million in cash.Iconix Brand Group - Sale of entertainment segment included company's 80% interest in peanuts brand and 100% interest in strawberry shortcake brand.Iconix Brand Group Inc - Proceeds from the transaction,cash were used to pay down approximately $362 million principal amount of debt.  Full Article

BRIEF-Iconix Brand Group Sees Q3 Shr Loss From Cont Ops Of $0.10

* ICONIX BRAND GROUP - EXPECTS (NOT REPORTS) Q3 LOSS PER SHARE FROM CONTINUING OPERATIONS $0.10