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| APP > SEC Filings for APP > Form 8-K on 15-Nov-2012 | All Recent SEC Filings |
15-Nov-2012
Entry into a Material Definitive Agreement, Financial Statements and Exhibi
On November 12, 2012, the Company and certain of its subsidiaries entered into amendments to both the Crystal Credit Agreement and the Lion Credit Agreement that, among other things, reduced by $600,000 the target minimum EBITDA for the twelve months ended October 31, 2012 under the financial covenants of each credit agreement, respectively.
The foregoing descriptions of the amendments are not intended to be complete and are qualified in their respective entireties by reference to the documents filed herewith and incorporated by reference as Exhibits 10.1 and 10.2, which are incorporated herein by reference.
(d) Exhibits.
10.1 Amendment No. 3, dated November 12, 2012, among American Apparel, Inc.,
American Apparel (USA), LLC, the other Borrowers and Credit Parties
party thereto, Crystal Financial LLC and other signatories thereto.
10.2 Tenth Amendment to Credit Agreement, dated November 12, 2012, among
American Apparel, Inc. and the other Credit Parties as the facility
guarantors from time to time party thereto, Wilmington Trust N.A., as
the administrative agent and the collateral agent, Lion Capital
(Americas) Inc., as a lender, Lion/Hollywood L.L.C., as a lender, and
other lenders from time to time party thereto (included as Exhibit 10.5
of the Quarterly Report on Form 10-Q (File No. 001-32697) filed November
14, 2012 and incorporated by reference herein).
Signature Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated: November 14, 2012 By: /s/ Glenn Weinman Name: Glenn A. Weinman Executive Vice President, Title: General Counsel and Secretary
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