By  on December 22, 2008

Shares of American Apparel Inc. got a boost Friday after the firm said lenders granted it a three-month extension on debt due to mature next month, and that the retailer has seen promising holiday sales.

According to a filing with the Securities and Exchange Commission dated Friday, the Los Angeles-based firm received an extension of its credit facilities with lender SOF Investments, which now have a maturity date of April 20. The debt was due on Jan. 18.

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