Cortland Capital Agents $135MM DIP for Gibson

The U.S. Bankruptcy Court granted, on an interim basis, Gibson Brand’s first-day motions, including an authorization for $135 million of debtor-in-possession financing. Cortland Capital Markets will be administrative agent for the financing.

Courtland Capital Agents Iconix Facility Downsize

Iconix Brand Group, owner of clothing brands including Danskin and Mossimo, amended its senior secured term loan and dismissed pending securities class action lawsuits previously filed against the company and certain of its current and former officers and directors.