$JCP Grabs a $1.75 Billion Loan from $GS

“PLANO, TEXASJ.C. Penney (JCP) is confirming that Goldman Sachs (GS) will provide it with $1.75 billion in financing, sending shares up 3 percent in trading.

Rumors about the financing had begun to circulate Friday. J.C. Penney shares were up 2.2 percent, to $17.38, in morning trade, although that remains well below the stock’s 52-week high of $36.89….”

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