NASHVILLE, Tenn. (WKRN) — Morgan Wallen has issued an apology after video has surfaced of him using a racial slur outside his Nashville home.

Video obtained by TMZ taken Sunday night captured the 27-year-old Wallen returning home after a night out with friends and using the slur to describe someone.

“I’m embarrassed and sorry,” Wallen, said in a statement given to PEOPLE. “I used an unacceptable and inappropriate racial slur that I wish I could take back. There are no excuses to use this type of language, ever. I want to sincerely apologize for using the word. I promise to do better.”

Some female country music stars took issue with Wallen’s use of the slur, including Maren Morris, Mickey Guyton and Kelsea Ballerini.

Wallen’s label, Big Loud, announced Wednesday it has suspended the artist “indefinitely.”

“In the wake of recent events, Big Loud Records has made the decision to suspend Morgan Wallen’s recording contract indefinitely. Republic Records fully supports Big Loud’s decision and agrees such behavior will not be tolerated.”

Cumulus Media has reportedly suspended play of Wallen’s music to its 400-plus stations. CMT said it is in the process of removing Wallen’s appearances from all its platforms.

In October, Wallen was disinvited from performing on Saturday Night Live after he broke coronavirus protocols and attended a crowded party in Tuscaloosa, Alabama. In May 2020, Wallen was arrested on charges of public intoxication and disorderly conduct after an incident at Kid Rock’s Honky Tonk on Lower Broadway.

Wallen’s latest album, Dangerous: The Double Album, is the first country record to spend three weeks at number one on the Billboard chart since Taylor Swift’s Red in 2012.