american apparelThere can be many things said about the hipster label known as American Apparel and its remarkably pervy CEO Dov Charney. A lot of them not good. Regardless, though, the company makes some of the most comfortable basics. But it appears that may now be in question:

WWD reports ,"the Securities and Exchange Commission dated Friday, the Los Angeles-based firm received an extension of its credit facilities with lender SOF Investments, which now have a maturity date of April 20. The debt was due on Jan. 18."

The three month loan extension will reportedly give American Apparel the opportunity to ,"pursue longer-term agreements with its lenders or consider financing alternatives." Still, this is fairly shocking, considering we thought everyone in California had tons of AA in their wardrobe. Oy.

Will American Apparel Close?



[via WWD]