logo
Share SHARE
FONT-SIZE Plus   Neg

American Apparel Prices Offering Of $206 Mln Senior Secured Notes - Quick Facts

American Apparel, Inc. (APP) announced the pricing of $206 million of its 13.0% Senior Secured Notes due 2020, which will be issued at 97% of par. The company expects the closing of the offering to take place on or about April 4, 2013.

The Los Angeles, California-based company intends to use this offering net proceeds, together with borrowings under a new asset-backed revolving credit facility, to repay in full and terminate its credit facilities with Lion Capital, LLC and Crystal Financial LLC and, to the extent any proceeds are remaining, for general corporate purposes.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Samsung is planning to sell the recalled Galaxy Note 7 devices as refurbished or rental phones where applicable, but not in US. In a statement, the company said, "Regarding the Galaxy Note 7 devices as refurbished phones or rental phones, applicability is dependent upon consultations with regulatory authorities and carriers as well as due consideration of local demand. The markets and release dat Hollywood is spending more than ever to produce movies, with new technology and computer graphics imaging (CGI) bringing superheroes to life. Directors constantly one-up one another with special effects, while actors like Johnny Depp or Tobey Maguire are demanding beaucoup bucks to reprise their... Sluggish sales of video games have forced GameStop to take a decision to close around 150 retail locations. Digital downloads and competition from rivals are said to be the reason for shut down. The company operates around 6600 stores worldwide and has not revealed the list of shops to be closed. According to reports GameStop is planning the closure of up to 3 percent of their shops.
comments powered by Disqus
Follow RTT