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Article: American Apparel Announces $41 Million Debt Financing.
- Article from:
- Business Wire
- Article date:
- January 23, 2007
CopyrightCOPYRIGHT 2007 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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American Apparel Successfully Places $41 Million of Two-Year Secured Notes To Refinance Existing Indebtedness and Continue Retail Expansion
LOS ANGELES -- American Apparel Inc., a leading domestic vertically-integrated manufacturer and retailer of casual fashion basics announced today that it has completed a $41 million secured debt financing with a private investment firm. The proceeds of the financing will be used for working capital and will fund the company's expansion plans. A part of the proceeds will also go to repaying the company's current credit facility with C3 Capital Partners, LP.
In conjunction with the financing, American Apparel has also ...