UPDATE: J.C. Penney (JCP) Secures $1.75B Term Loan with Goldman Sachs
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J. C. Penney (JCP) $1.75B Loan Improves Liquidity; Large Drag on FCF
April 29, 2013 11:37 AM EDTThis morning J. C. Penney (NYSE: JCP) confirmed it secured a $1.75 billion term loan from Goldman. Piper Analyst Alex Fuhrman thinks the loan resolves liquidity concerns for at least 2-3 years. However, incremental interest is likely to be a large drag on... More
JCPenney (JCP) Affirms Entering $1.75B Loan Commitment with Goldman
April 29, 2013 8:07 AM EDTJCPenney (NYSE: JCP) announced that it has entered into a commitment letter with Goldman Sachs Bank USA (NYSE: GS) under which Goldman Sachs has committed to provide the Company with a five-year $1.75 billion senior secured term loan facility.
... More
J.C. Penney (JCP) Will Delay Media Launch of Homes Sections
April 26, 2013 2:36 PM EDTJ.C. Penney (NYSE: JCP) Will Delay Media Launch of Homes Sections by 3 Weeks.... More
