J.C. Penney on Monday confirmed that Goldman Sachs will provide it with $1.75 billion in financing.
Rumors about the financing had begun to circulate Friday.
J.C. Penney confirmed that Goldman Sachs will provide it with $1.75 billion in financing. 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 be secured by real estate, as well as the company's other assets.
April 30, 2013 at 12:00 AM
1 minute read
J.C. Penney on Monday confirmed that Goldman Sachs will provide it with $1.75 billion in financing.
Rumors about the financing had begun to circulate Friday.
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