This just in from CNBC’s David Faber…
ALERT: Goldman rounds up financing for $JCP, has commitment for $1.75B loan w/no equity component backed by real estate, other assets.
— CNBC (@CNBC) April 26, 2013
The embattled retailer’s stock is soaring on the news. Shares of JCPenney were last up more than 10%.
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