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
Casino operator Las Vegas Sands Corp. (LVS), Monday said its second-quarter profit dropped from last year, hurt largely by continued challenging environment in the high-end gambling business in Macao, China. Earnings for the quarter fell short of Wall Street expectations, as did revenues. Second-quarter... Analog chip maker Texas Instruments Inc. (TXN), Monday reported a 12 percent jump in profit for the second quarter, driven largely by better cost control and higher revenues. Earnings for the quarter trumped analysts' expectations, as did revenues. The company also detailed a strong outlook for the third... UPS (UPS) has announced the expansion of its UPS Worldwide Express package service to reach 117 countries and territories. UPS, the world's largest package delivery services, delivers more packages internationally than any other carrier. Over 50 countries and territories have been added to the UPS...
comments powered by Disqus
Follow RTT