By and  on May 1, 2012

American Apparel Inc. doesn’t believe it will hit a required covenant under a credit agreement between the company and Lion Capital, which will mean that the Lion warrants to purchase American Apparel’s common stock at the exercise price of $1 per share will need to be adjusted.

This story first appeared in the May 1, 2012 issue of WWD. Subscribe Today.

To continue reading this article...

load comments
blog comments powered by Disqus