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J.C. Penney completes new $1.25 billion credit facility
Plano, Texas -- J. C. Penney Corp. 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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Guitar Center renews agreement with APT
Washington, D.C. -- Applied Predictive Technologies (APT) said that Guitar Center has renewed its license for APT's retail testing software.
APT’s Test & Learn Management Solution is being used to drive dozens of high-impact tests within Guitar Center’s organization. Using Test & Learn, Guitar Center plans to accurately understand the impact of new ideas and tailor them to maximize profits.