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American Apparel extends senior notes exchange offer
24
Jan '14
American Apparel, Inc. (the "issuer") announced that it has extended its offer to exchange its outstanding 13.0% Senior Secured Notes due 2020 for 13.0% Senior Secured Notes due 2020 that have been registered under the Securities Act of 1933, as amended (the "Exchange Offer").

The Exchange Offer, previously scheduled to expire at 5:00 p.m., New York City time, on January 22, 2014, will now expire at 5:00 p.m., New York City time, on February 11, 2014, unless further extended by the issuer.

All other terms and conditions of the Exchange Offer will remain in full force and effect. The terms and conditions of the Exchange Offer are set forth in a prospectus dated December 20, 2013.

The new notes are substantially identical to the notes for which they are being exchanged, except that the new notes will be registered under the Securities Act of 1933, as amended, and, as a result, the transfer restrictions and registration rights provisions applicable to the original notes will not apply to the new notes.

As of 5:00 p.m., New York City time, on January 22, 2014, approximately $205,825,000 in aggregate principal amount of the 13.0% Senior Secured Notes due 2020 had been validly tendered and not withdrawn in the Exchange Offer, including by means of guaranteed delivery. This amount represents approximately 99.92% of the outstanding 13.0% Senior Secured Notes due 2020.

American Apparel


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