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Goldman Rounds Up Financing for JC Penney

Friday, 26 Apr 2013 | 2:58 PM ET

Sources say Goldman Sachs is in the midst of rounding up a financing for JC Penney and has commitments roughly of about $1.75 billion for a term loan with a coupon slightly above 7 percent and no equity component, reports CNBC's Daivd Faber.