Quick Facts
FONT-SIZE Plus   Neg
Share SHARE
mail  E-MAIL

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

RELATED NEWS
Trade APP now with 
3/28/2013 10:04 PM ET

American Apparel, Inc. (APP: Quote) 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.

Click here to receive FREE breaking news email alerts for American Apparel Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Chipmaker Advanced Micro Devices Inc. said Thursday after the markets closed that its first quarter loss narrowed from last year, helped by strong revenue growth in its graphics and visual solutions business. The company's quarterly earnings per share, excluding items, also came in above analysts' expectations as did its quarterly revenue. After trending higher over the past few sessions, stocks showed a lack of direction throughout the trading day on Thursday. The major averages spent the session bouncing back and forth across the unchanged line before ending the day mixed. While the major averages closed on opposite sides of the unchanged line, they all showed only modest moves. U.S. Secretary Of State John Kerry said Thursday that he and his counterparts from Russia, Ukraine and the European Union have reached an agreement on a preliminary plan for ending the ongoing crisis in Ukraine. Kerry was speaking at the end of the Ukraine contact group's first meeting, comprising the foreign ministers of Russia, Ukraine, the EU and the U.S., in the Swiss city of Geneva.
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.