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American Apparel Inc., Los Angeles, announced this week that it priced an underwritten public offering of 61,000,000 shares of its common stock at a price to the public of $0.50 per share. The company intends to use the net proceeds of the offering to fund working capital and for general corporate purposes, including its April 2014 cash interest payment on the company's senior secured notes.
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- Companies:
- American Apparel
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