Posts Tagged ‘custom promotional apparel’

Promotional Products News

Wednesday, April 10th, 2013

APR 9, 2013 – BY COUNSELOR

As part of an effort to build greater financial strength, American Apparel (asi/35297) announced Friday that it successfully completed refinancing of its secured debt. The Counselor Top 40 supplier recently closed a private offering of the $206 million principal amount of its 13% senior secured notes due in 2020. It also entered into a new $35 million five-year asset-backed revolving credit deal with Capital One Bank. American Apparel used the net proceeds from the offering of notes, together with borrowings from the new credit line, to repay and terminate its prior credit facilities with Lion Capital LLC and Crystal Financial LLC.

Under the five-year agreement with Capital One, first lien borrowing costs will be significantly reduced – one of a number of financial advantages for the Los Angeles-based manufacturer of fashion basics. “Our new debt arrangements, coupled with improved financial performance, will provide added flexibility in delivering upon our operating plan for 2013 and beyond,” said Dov Charney, American Apparel’s chairman and CEO. “This financing effort will allow us to further focus our efforts in driving profitability for the benefit of all our stakeholders.”

After talk of bankruptcy circulated around the supplier in 2011 following an $86 million loss in 2010, American Apparel has orchestrated a steady rebound in its operations. While the company’s overall revenues have also grown, its performance specifically in the North American ad specialty market showed marked improvement: revenue increased 7.3% to nearly $97 million. That gain followed a 2011 in which sales rose 1.8% to $90.2 million.

“We look forward to building our relationship with American Apparel to help position the company for continued market leadership, growth and success,” said Michael Burns, senior vice president and asset-based lending regional manager at Capital One Bank.

Promotional Products and Promotional Items

Custom Promotional Apparel for Your Business

Wednesday, July 25th, 2012

22

Have you ever wished you could advertise in a large format manner, but simply could not find 1,500-30,000 in your monthly budget? Superior Promos has the perfect solution for your business. Promotional Apparel customized with your brand or logo turns your customers and employees into walking advertisements (no cruelty involved) for a fraction of the cost while providing numerous other benefits including:

- Strengthening and reinforcing your brand

- Economical form of advertising

- Increased employee morale when worn as a workplace uniform.

- A more welcoming work atmosphere

Many fortune 500 companies utilize Promotional Apparel whether it is for casual friday or for an outside event. If your company is interested in following in their footsteps then allow us to be of assistance. Shop our wide selection of Promotional Apparel including: Custom T-Shirts, Promotional Polos, Promotional Caps, Visors and Bandanas, Performance Apparel, Fleece, Jackets and Outerwear, Dress Shirts, Kitchen Wear, Sandals and Belt Buckles! 12

Promotional Products Pack a Huge ROI!

Monday, April 27th, 2009

As the economy continues to struggle, businesses are in need of justifying their advertising expenses more than ever.  So why choose promotional productsAccording to a study done by ASI, a whopping 84% of those surveyed remembered the advertiser of  promotional items they had received.  Of those who received custom promotional apparel (custom t-shirts, custom caps, embroidered promotional polos) a full 94% remembered the advertising logo and company.  So why order custom promotional products from superiorpromos.com? Because it works…so log on and start attracting more customers today.