Key Developments: American Apparel Inc (APP)
2.00USD
17 May 2013
$0.00 (+0.00%)
$2.00
$1.99
$2.01
$1.98
290,597
861,259
$2.40
$0.77
Latest Key Developments (Source: Significant Developments)
American Apparel Inc Reiterates FY 2013 Guidance
American Apparel Inc announced that for fiscal 2013, the Company reiterating outlook and expects adjusted EBITDA to be in the range of $47 million to $54 million. This outlook assumes net sales between $652 million and $660 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $49 million and revenue of $655 million for fiscal 2013. Full Article
American Apparel Inc Prices Offering Of $206 Million Of Senior Secured Notes
American Apparel Inc announced the pricing of $206,000,000 aggregate principal amount of its 13.0% Senior Secured Notes due 2020 (collectively, the Notes). The Notes will be issued at 97% of par. The Company intends to use the net proceeds from the offering of the notes, together with borrowings under a new asset-backed revolving credit facility, to repay in full and terminate credit facilities with Lion Capital, LLC and Crystal Financial LLC and, to the extent any proceeds are remaining, for general corporate purposes. The Company anticipates that the closing of the offering will take place on or about April 4, 2013, subject to customary closing conditions, including the concurrent closing of the new asset-backed revolving credit facility. Full Article
American Apparel Inc Announces Proposed Private Debt Offering
American Apparel Inc announced that it currently intends, subject to market and other conditions, to offer senior secured notes (the Notes) in a private offering. The Notes, if offered, will be offered only to 'qualified institutional buyers' in the United States in accordance with Rule 144A under the Securities Act of 1933, as amended (the Securities Act), and to non-U.S. persons pursuant to Regulation S under the Securities Act. The Company intends to use the net proceeds of any such offering of the Notes to repay certain indebtedness and for general corporate purposes. The Company may at any time elect to no longer pursue a possible Notes offering. The Notes have not been registered under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an applicable exemption from the registration requirements of the Securities Act and applicable state securities laws. Full Article
American Apparel Inc Issues FY 2013 Guidance Above Analysts' Estimates
American Apparel Inc announced that for fiscal 2013, it expects adjusted EBITDA to be in the range of $47 million to $54 million. This outlook assumes net sales between $652 million and $660 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $42 million and revenue of $648 million for fiscal 2013. Full Article
American Apparel Inc Issues FY 2012 Revenue Guidance; Comments On FY 2012 Comparable Store Sales-Conference Call
American Apparel Inc announced that for fiscal 2012, total net sales increased 13% to $616.7 million, with a 15% increase in comparable store sales, and a 12% increase in wholesale net sales. Full Article
American Apparel Inc Lowers High End Of Prior FY 2012 EBITDA Guidance To A Range In Line With Analysts' Estimates; Issues FY 2012 Revenue Guidance In Line With Analysts' Estimates
American Apparel Inc updated fiscal 2012 EBITDA guidance to $36 to $40 million from the prior estimate of $36 million to $44 million. The guidance assumes net sales of $604 million to $610 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $36.7 million and revenue of $609 million for fiscal 2012. Full Article
American Apparel Inc Raises FY 2012 EBITDA Guidance
American Apparel Inc announced that it is raising its adjusted EBITDA guidance for fiscal 2012 to between $36 to $44 million from the prior estimate of $32 to $40 million. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $35 million for fiscal 2012. Full Article
American Apparel Inc. Comments On Q3 2012 Revenue Guidance; Reaffirms FY 2012 EBITDA Guidance
American Apparel Inc. announced it expects positive sales trends will continue into the third quarter of 2012. The Company is reiterating fiscal 2012 EBITDA projection to be in the range of $32 million to $40 million. Full Article
American Apparel Inc. Reiterates FY 2012 EBITDA Outlook; Raises FY 2012 Revenue Guidance
American Apparel Inc. announced that for fiscal 2012, it is reiterating its adjusted EBITDA outlook of $32 million to $40 million. This outlook assumes net sales of $570 million to $590 million. Full Article
American Apparel Inc. Launches New Hong Kong Online Store
American Apparel announced the launch of a new online store serving Hong Kong. The regional web store, located at store.americanapparel.com.hk, will be the Company's direct e-commerce portal for American Apparel customers in Hong Kong. Full Article
BRIEF-Group of 5 n. American apparel/retail trade groups issue broad set of bangladesh safety proposals
CHICAGO, May 15 - * Group of 5 n. American apparel/retail trade groups issue broad set of
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