American Apparel Inc. Announces an Additional $15 Million Commitment Under Its U.S. Revolving Credit Facility

American Apparel Inc. announced a $15 million increase in its revolving credit facility with Capital One Leverage Finance Corp. As a part of this transaction, The Bank of Montreal was added as a loan participant and the total commitment under this facility was raised to $50 million from $35 million. The additional commitment was made under substantially the same terms of the existing facility.

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Nike Pulls NFL Team T-shirt After Decorating Error

Nike is no stranger to controversy, but with its latest T-shirt design, the apparel company might have messed with the wrong demographic: NFL fans.

Last week, the company released to its online store a T-shirt featuring the logo of the NFL’s Carolina Panthers, along with initials of the team’s home state, superimposed over a state silhouette. The only problem? The silhouette was of South Carolina. The Panthers play in North Carolina.

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