Daily News: April 29, 2013

Goldman Sachs Secures $1.75B Loan for JC Penney

CNBC reported, according to capital markets sources, that Goldman Sachs has secured $1.75 billion in financing for department store chain JC Penney.

CNBC said the loan, which would be backed by the retailer’s real estate, real estate leases and other assets, comes with a coupon slightly above 7% and no equity component.

To read the CNBC report, click here.

Previously on abfjournal.com:

WSJ: Penney Working With AlixPartners on Cost Savings, Wednesday, April 24, 2013