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In March, Crystal Financial extended a $80 million line of credit to American Apparel, which replaced a soon-to-expire $75 million line of credit from Bank of America. The apparel supplier's stock, which had been trading below $1 at the time, increased 34 percent overnight following announcement of the deal.
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- Companies:
- American Apparel
E
Kyle A. Richardson
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Kyle A. Richardson is the editorial director of Promo Marketing. He joined the company in 2006 brings more than a decade of publishing, marketing and media experience to the magazine. If you see him, buy him a drink.
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