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Thursday, Jun 8, 2023

Bankruptcy Loan Approved for American Apparel

The Wall Street Journal reported Monday that downtown Los Angeles apparel maker American Apparel Inc. received some good news today as a Delaware bankruptcy court approved the company’s use of a $90 million bankruptcy financing package. The move comes after the company was able to address concerns raised by unsecured creditors.

American Apparel filed for Chapter 11 bankruptcy last month.

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