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Mid-turnaround, J.C. Penney boosts borrowing capacity

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(Reuters) – Retailer J.C. Penney Co Inc increased its borrowing capacity under a bank credit facility by $100 million to $1.85 billion and expanded an option to borrow more at a later date, raising concerns among analysts as it works on a turnaround.

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Post Published: 13 February 2013
Found in section: Finance