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.
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