July 22, 2014 10:39 PM ET

Textiles, Apparel and Luxury Goods

Company Overview of Paramount Apparel International, Inc.

Company Overview

Paramount Apparel International, Inc. designs, manufactures, and distributes apparel, accessories, and headwear products. Its portfolio includes accessories, apparel, bags, belts, caps, hats, knits and gloves, scarves, and socks. The company also provides private label brands and screening T-shirts for the championship team. It also offers retail distributors or products under manufacturing agreements. Paramount Apparel International, Inc. was formerly known as Paramount Headwear, Inc. and changed its name to Paramount Apparel International, Inc. in September 2001. The company was founded in 1929 and is based in Bourbon, Missouri.

1 Paramount Drive

Bourbon, MO 65441

United States

Founded in 1929

Phone:

573-732-4411

Fax:

573-732-5211

Key Executives for Paramount Apparel International, Inc.

Chairman and Chief Executive Officer
Vice Chairman and Chief Executive Officer
Age: 68
President
Chief Financial Officer
Vice President of Operations
Age: 49
Compensation as of Fiscal Year 2014.

Paramount Apparel International, Inc. Key Developments

Mainland Sewing Headwear Manufacturing Ltd. Enters into the Loan Agreement with Paramount Apparel International, Inc

On 28 September 2012, Mainland Sewing Headwear Manufacturing Ltd. (lender) entered into the loan agreement with Paramount Apparel International, Inc. (borrower), pursuant to which the Lender has agreed to make the Loan of $2,000,000 to the Borrower. The borrower intends to apply such loan amount to finance its recent potential acquisition. Loan maturity is the fifth anniversary of the closing date. Interest is 5% per annum. The borrower shall make quarterly payments of interest starting from January 2013 and make quarterly payments of principal and interest starting from January 2015. However, the borrower may prepay any amounts without penalty. The obligations of the borrower under the Loan agreement are secured by the collateral. However, the lender's interest in the collateral is subordinated to that of the senior lender.

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