<Page> Exhibit 4.1 AMENDMENT NO. 1 TO LOAN AND SECURITY AGREEMENT --------------------------- AMENDMENT NO. 1, dated as of May 28, 2002 by and among Congress Financial Corporation, a Delaware corporation ("Lender"), Anvil Knitwear, Inc., a Delaware corporation ("Borrower"), Anvil Holdings, Inc., a Delaware corporation ("Holdings") and Cottontops, Inc., a Delaware corporation ("Cottontops"; together with Holdings, each individually a "Guarantor" and collectively "Guarantors"). W I T N E S S E T H WHEREAS, Borrower and Guarantors have entered into financing arrangements with Lender pursuant to which Lender may make loans and provide other financial accommodations to Borrower as set forth in the Loan and Security Agreement, dated March 11, 1999, by and among Borrower, Guarantors and Lender, as amended (as the same now exists and is amended hereby and may hereafter be further amended, modified, supplemented, extended, renewed, restated or replaced, the "Loan Agreement") and the other agreements, documents and instruments referred to therein or at any time executed and/or delivered in connection therewith or related thereto, including this Amendment (all of the foregoing, together with the Loan Agreement, as the same now exist or may hereafter be amended, modified, supplemented, extended, renewed, restated or replaced, being collectively referred to herein as the "Financing Agreements"); WHEREAS, Borrower and Guarantors have requested that Lender agree to certain amendments to the Loan Agreement and Lender is willing to agree to such amendments, subject to the terms and conditions contained herein; and WHEREAS, by this Amendment, Borrower, Guarantors and Lender intend to evidence such amendments. NOW, THEREFORE, in consideration of the foregoing, and the agreements and covenants contained herein, the parties hereto agree as follows: 1. Definitions. 1.1 Interpretation. For purposes of this Amendment, unless otherwise defined herein, all terms used herein, including, but not limited to, those terms used and/or defined in the recitals above, shall have the respective meanings assigned to such terms in the Loan Agreement. 2. Maximum Credit. Section 1.57 of the Loan Agreement is hereby deleted in its entirety and the following substituted therefor: "1.57 "Maximum Credit" shall mean the amount of $50,000,000." 3. Revolving Loan Limit. Section 1.78 of the Loan Agreement is hereby deleted in its entirety and the following substituted therefor: "1.78 "Revolving Loan Limit" shall mean $38,275,000." 4. General. 4.1 EFFECT OF THIS AMENDMENT. Except as modified pursuant hereto, no other changes or modifications to the Financing Agreements are intended or implied and in all other respects the Financing Agreements are hereby specifically ratified, restated and confirmed by all parties hereto as of the date hereof. To the extent of conflict between the terms of this Amendment and the Financing Agreements, the terms of this Amendment shall control. <Page> 4.2 FURTHER ASSURANCES. The parties hereto shall execute and deliver such additional documents and take such additional action as may be necessary to effectuate the provisions and purposes of this Amendment. 4.3 GOVERNING LAW. The rights and obligations hereunder of each of the parties hereto shall be governed by and interpreted and determined in accordance with the internal laws of the State of New York (without giving effect to principles of conflict of laws). 4.4 BINDING EFFECT. This Amendment is binding upon and shall inure to the benefit of Lender, Borrower and Guarantors and their respective successors and assigns. 4.5 COUNTERPARTS. This Amendment may be executed in one or more counterparts, each of which when so executed shall be deemed to be an original but all of which when taken together shall constitute one and the same instrument. In making proof of this Amendment, it shall not be necessary to produce or account for more than one counterpart thereof signed by each of the parties hereto. IN WITNESS WHEREOF, Lender, Borrower and Guarantors have caused this Amendment to be duly executed as of the day and year first above written. CONGRESS FINANCIAL CORPORATION By: /s/ Terese Gatto ------------------ Title: Vice President ANVIL KNITWEAR, INC. By: /s/ Jacob Hollander ---------------------- Title: Executive Vice President ANVIL HOLDINGS, INC. By: /s/ Jacob Hollander ---------------------- Title: Vice President COTTONTOPS, INC. By: /s/ Jacob Hollander --------------------- Title: Vice President