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$1.75B loan to JCP

JCPenney yesterday confirmed that Goldman Sachs will provide it with $1.75 billion in financing.Rumors about the financing had begun to circulate Friday.The five-year senior secured term loan can be used to fund the company’s operations as well as pay off some of its debt. It will… …read more
Source: NY Post

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Posted by on April 30, 2013. Filed under Business News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.