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J.C. Penney Said to Reduce Rate on $2.25 Billion Term Loan – the Plano, Texas-based company said in an April 29 regulatory filing. Standard & Poor’s lowered its rating on the loan to B- from B, to “reflect a decline in recovery estimates for term loan lenders.
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TMS to Sell Its Origination Line of Business to AmeriSave – As part of the terms of the agreement, AmeriSave will welcome TMS employees associated with the business, and assume its new Plano, Texas and Chandler. TMS in servicing customers for the life of.
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