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JCPenney completes new $1.25 billion credit facility
PLANO, Texas -- JCPenney has completed a new five-year $1.25 billion bank credit facility.
The new facility replaces a $750 million credit facility that was scheduled to mature in April 2012 and provides further strength to the company's liquidity position. The facility may be used for general corporate purposes and will mature in April 2016.
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Levin Management names exec
North Plainfield, N.J. -- Levin Management Corp. announced it has promoted Harold Harris from VP to senior VP, effective immediately.
Harris joined Levin as controller in 1985 and was named CFO in 1990. Responsible for all aspects of finance and lease administration for the company’s management portfolio, Harris also oversees real estate tax and financing reviews, human resources, and risk management.