FALLEN FRUIT: Fruit of the Loom Inc. said Wednesday that it will close a manufacturing facility in Fayette, Ala., by April 28. The company will provide a severance package that includes outplacement services for 290 employees affected by the closing. FTL, which filed Chapter 11 in December 1999, is hoping to exit bankruptcy proceedings sometime this year. The manufacturer still has to get creditors to approve its updated reorganization plan, which includes the Berkshire Hathaway purchase of FTL’s operating assets.

KASPER DIP OK: Kasper ASL Ltd. on Wednesday received final bankruptcy court approval of its $126.8 million debtor-in-possession financing facility led by J.P. Morgan Chase. The company last month received interim approval for $20 million. After paying the $91.8 million owed to its pre-petition bank group, Kasper will have $35 million available for general use. The company filed for Chapter 11 in Manhattan on Feb. 5.

ALLOY RAISES $60 MILLION: Teen media network Alloy Inc. has raised roughly $60 million in a secondary offering of 4 million shares, which were priced at $15.21 on Feb 21. In light Nasdaq trading Thursday, Alloy’s shares gave up $1.05, or 6.4 percent, to close at $15.14, after rising as high as $16.24, in intra-day trading. Alloy went public at $15 in May 1999.

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