American Apparel Inc. has extended its offer to exchange 13 percent Senior Secured Notes due 2020 for 13 percent Senior Secured Notes due 2020 that have been registered under the Securities Act of 1933.
The original expiration was Jan. 22, 2014 at 5:00 p.m. The new expiration, unless further extended by the issuer, will be on Feb. 11, 2014 at 5:00 p.m.
The company said all other terms and conditions of the exchange offer have remain unchanged. Those terms and conditions were set forth in a prospectus dated Dec. 20, 2013.
As of Jan. 22, at 5:00 p.m., $205.8 million in aggregate principal amount of the 13 percent Senior Secured Notes were validly tendered and not withdrawn, representing 99.9 percent of the outstanding said notes due in 2020.
The difference between the two notes is that the new ones are registered, and therefore the transfer restrictions and registration rights provisions in the original notes will not apply to the new ones.
Alberta Ferretti's "Rainbow Week" sweaters are back. The designer closed her #MFW show with a few day-of-the-week sweaters, which first debuted on the catwalk last January as part of the pre-fall 2017 collection. #wwdfashion (📷: @delphineachard)