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American Apparel plans $30.5 million public offering of common stock
Bookrunner Roth Capital Partners, co-manager Brean Capital will assist
By Devika Patel
Knoxville, Tenn., March 25 - American Apparel, Inc. said it plans to price a $30.5 million public sale of common stock with a 30-day, $4.58 million over-allotment option.
Roth Capital Partners is the bookrunner, and Brean Capital is the co-manager.
Proceeds will be used for working capital and general corporate purposes, including the April cash interest payment on the company's senior secured notes.
American Apparel is a Los Angeles-based manufacturer, distributor and retailer of branded fashion basic apparel.
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