Okay, on the 16th then again on the 19th JCP borrowed against the Credit Facility, citing Corona Virus. Rates range from just under 3% to 4%.
Again I say, why borrow so huge?
They borrowed this past Monday, and yesterday after they announced stores to be closed. Man, are the vendors not willing to work with them at all?
They need to use this money to benefit the stock somehow. Everyone is in the same pickle, the gov. will bail out, it's coming, why this rush to the CF?