By  on April 29, 2013

J.C. Penney Co. Inc. calmed a lot of jittery nerves Monday with a new $1.75 billion loan from Goldman Sachs, but the troubled retailer still has a ragged path going forward.

The five-year senior secured term loan facility was much larger than the $1 billion in funding many were expecting and will give Myron “Mike” Ullman 3rd, on his second tour as chief executive officer, more time to try to rebuild the company’s base.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus