Home / Knowledge / News / Apparel/Garments / American Apparel prices public offering at $0.50/share
American Apparel prices public offering at $0.50/share
27
Mar '14
American Apparel, Inc. announced that it priced an underwritten public offering of 61,000,000 shares of its common stock at a price to the public of $0.50 per share.
 
The Company intends to use the net proceeds of the offering to fund working capital and for general corporate purposes, including its April 2014 cash interest payment on the Company's senior secured notes. 
 
The Company granted to the underwriters a 30-day option to purchase up to 9,150,000 additional shares of its common stock to cover over-allotments, if any.
 
The Company's common stock is listed on the NYSE MKT under the symbol "APP." The offering is expected to close on or about March 31, 2014, subject to customary closing conditions. 
 
Roth Capital Partners is acting as sole book-running manager, and Brean Capital and National Securities Corporation, a wholly-owned subsidiary of National Holdings, Inc. (NHLD), are acting as co-managers for the offering.
 

American Apparel


Must ReadView All

Courtesy: VF Corporation

Apparel/Garments | On 5th May 2016

VF Corp’s Q1 2016 revenue up 2% to $2.8 billion

VF Corporation reported a rise of 2 per cent in its total revenue to...

Textiles | On 5th May 2016

Brazilian cotton prices rise nearly 10% in April

Firm demand, decrease in supply from important cotton growing...

Apparel/Garments | On 5th May 2016

Kishore Biyani named Future Retail’s vice-chairman

Future Retail has appointed its Independent Director VK Chopra as...

Interviews View All

Tom Barone
eBay Enterprise

Ecommerce market is booming all over the world. But the boom actually...

Dastaquir Ismail
GT Nexus, Asia Pacific

What advice would you give to companies seeking finance? What are the...

G. Siva Sundara Ganesan
Great Supports

How important is compliance in the textile value chain of India? What is...

Mr Hartmann Huth
Trevira GmbH

Trevira GmbH is an innovative European manufacturer of high-value branded...

Mr. Johan Berlin
Investkonsult Sweden AB

Mr. Johan Berlin is the majority shareholder and Managing Director of...

Daniel Dwight
Cooley Group

An international executive with significant experience leading high-tech...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
April 2016

F2F Magazine

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


feedback
We would love to hear from you about your experience using the new interface. A quick review of yours would help us give you a better experience.
Advanced Search