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Los Angeles-based American Apparel Inc., a vertically integrated manufacturer, distributor, and retailer of branded fashion basic apparel, announced that on September 30, 2010 it entered into an amendment to its credit agreement with Lion Capital which, among other things, eliminates the minimum Consolidated EBITDA covenant for the dates through and including December 31, 2010, and provides for the minimum Consolidated EBITDA covenant to be tested monthly during 2011.
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- Companies:
- American Apparel
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