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Last €0.17 EUR
Change Today +0.012 / 7.74%
Volume 500.0
AA5 On Other Exchanges
Symbol
Exchange
NYSE Amex
Stuttgart
As of 3:39 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

american apparel inc (AA5) Snapshot

Open
€0.16
Previous Close
€0.16
Day High
€0.18
Day Low
€0.14
52 Week High
12/23/14 - €1.00
52 Week Low
08/13/15 - €0.10
Market Cap
30.4M
Average Volume 10 Days
4.2K
EPS TTM
--
Shares Outstanding
182.2M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for AMERICAN APPAREL INC (AA5)

american apparel inc (AA5) Details

American Apparel, Inc. designs, manufactures, distributes, retails, and sells branded fashion basic apparel products, and clothing and accessories for women, men, children, and babies. It offers T-shirts, denim, sweaters, jackets, and accessories. The company sells its products through the wholesale distribution channel, including supplying T-shirts and other casual wear to distributors and screen printers; direct to customers through its retail stores; and through an online retail e-commerce Website, americanapparel.com. As of December 31, 2014, it operated a total of 242 retail stores in 20 countries comprising the United States, Canada, the United Kingdom, Australia, Austria, Belgium, Brazil, China, France, Germany, Ireland, Israel, Italy, Japan, Mexico, the Netherlands, South Korea, Spain, Sweden, and Switzerland. American Apparel, Inc. was founded in 1998 and is headquartered in Los Angeles, California.

9,000 Employees
Last Reported Date: 08/17/15
Founded in 1998

american apparel inc (AA5) Top Compensated Officers

Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $154.6K
Chief Manufacturing Officer
Total Annual Compensation: $430.8K
Executive Vice President, General Counsel and...
Total Annual Compensation: $20.0K
Compensation as of Fiscal Year 2014.

american apparel inc (AA5) Key Developments

American Apparel, Inc. Enters into Amended and Restated Credit Agreement

On April 4, 2013, American Apparel, Inc. and its domestic subsidiaries entered into an asset-based revolving credit agreement. On August 17, 2015, the lenders under the Existing Credit Agreement assigned all of their rights and obligations under the Existing Credit Agreement and the related loan documents to a syndicate of lenders that includes certain of the Company's existing creditors, including funds associated with Standard General L.P., Monarch Alternative Capital L.P., Coliseum Capital LLC and Goldman Sachs Asset Management, L.P., and Capital One Business Credit Corp. resigned as administrative agent under the Existing Credit Agreement and was replaced by Wilmington Trust, National Association. In addition, on August 17, 2015, the Existing Credit Agreement was amended pursuant to an amended and restated credit agreement among the Company, its domestic subsidiaries, the lenders and Wilmington Trust, National Association. In connection with such amendment, the syndicate of lenders received certain amendment and closing fees and reimbursement of closing expenses. The amended and restated credit agreement provides for a $90.0 million asset based credit facility. Borrowings under the Amended Credit Facility are subject to specified borrowing base requirements. The Amended Credit Facility increases the existing borrowing base formula by $15.0 million, but such $15.0 million increase cannot increase the borrowing base above $60.0 million. Amounts repaid under the Amended Credit Facility cannot be reborrowed. The Amended Credit Facility matures on April 4, 2018, subject to a January 15, 2018 maturity in limited circumstances. Borrowings outstanding under the Existing Credit Agreement will continue under the Amended Credit Facility and bear interest at a LIBOR based rate plus 5.00% or a rate based on the prime rate plus 4.00%. New borrowings under the Amended Credit Facility bear interest at a LIBOR based rate plus 7.00% or a rate based on the prime rate plus 6.00%. The Amended Credit Facility continues to be secured by first-priority liens on the Company's and its domestic subsidiaries' accounts receivable, inventory, cash and certain other assets and second-priority liens on the Company's and its domestic subsidiaries' other assets, in each case subject to certain exceptions and permitted liens. The covenant violations existing at June 30, 2015 were waived under the Amended Credit Facility. The description of the Amended Credit Facility set is necessarily limited and is qualified in its entirety by reference to the full terms and conditions of the Amended Credit Facility as set in the Amended and Restated Credit Agreement, dated as of August 17, 2015, among the Company and its domestic subsidiaries, the lenders party thereto and Wilmington Trust, National Association, as administrative agent. In connection with the Amended Credit Facility, the Company entered into Amendment No. 3 to the Credit Agreement, dated as of May 22, 2013, among the Company and Standard General Master Fund L.P. as lender (the "Standard General Loan Agreement"). Amendment No. 3 amends certain provision of the Standard General Loan Agreement to permit the transaction contemplated by the Amended Credit Facility and provides for the payment of consent fees and certain releases and equity registration rights in favor of Standard General Master Fund L.P. and its affiliates.

American Apparel, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

American Apparel, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, net sales were $134,394,000 against $162,397,000 a year ago. The decline in comparable sales was attributable to the lack of new style introduction for the spring and summer selling season. Loss from operations was $12,996,000 against income from operations of $2,580,000 a year ago. Loss before income taxes was $19,159,000 against $15,701,000 a year ago. Consolidated Adjusted EBITDA was $4,110,000 against $15,890,000 a year ago. Adjusted Loss from operations was $4,716,000 against adjusted income from operations of $7,425,000 a year ago. For the six months, net sales were $258,657,000 against $299,493,000 a year ago. Loss from operations was $35,926,000 against $4,916,000 a year ago. Loss before income taxes was $44,846,000 against $20,693,000 a year ago. Net loss was $45,774,000 against $21,671,000 a year ago. Net loss per share, basic and diluted was $0.26 against $0.14 a year ago. Net cash used in operating activities was $13,963,000 against net cash provided by operating activities of $1,303,000 a year ago. Capital expenditures were $1,942,000 against $7,087,000 a year ago. Consolidated Adjusted LBITDA was $3,816,000 against EBITDA of $16,733,000 a year ago. Adjusted Loss from operations was $18,135,000 against $71,000 a year ago.

American Apparel, Inc. announced delayed 10-Q filing

On 08/11/2015, American Apparel, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

 

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