GE Commercial Finance Corporate Lending said Tuesday that it provided a five-year, $300 million asset-based credit facility to department store retailer Lord & Taylor to be used for working capital needs and other general purposes.
The agreement reflects a change in financing toward better interest rates while also revealing that there are willing lenders in the credit market, which tightened up following the collapse of the subprime mortgage sector. Last week, Hampshire Group Ltd. secured a similar loan from HSBC.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
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