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Stock Market & Financial Investment News

News Breaks
July 8, 2014
06:26 EDTAPPLion Capital demands repayment of $10M loan from American Apparel, NY Times says
Lioin Capital has demanded immediate repayment of a $10M loan it made to American Apparel after negotiations over new terms failed, reports the New York Times, citing a person with knowledge of the situation. A potential new benefactor, Standard General, is considering making the repayment on the behalf of the company, but it is unclear if American Apparel would pay back the loan some other way. Reference Link
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September 12, 2014
16:20 EDTAPPAmerican Apparel amends loan agreement with SG, removes Charney default clause
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