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Goody's Clothing Gets $175M DIP Loan

Law360, New York (July 01, 2008) -- Bankrupt retailer Goody's Family Clothing Inc. has received a $175 million debtor-in-possession credit facility from General Electric Commercial Finance Corporate Lending.

Goody's will use the financing as working capital while the company restructures. The transaction was arranged by General Electric Capital Markets, the companies said Tuesday....

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