Gottschalks to draw on existing facility for stock repurchase

By Sara Rosenberg

New York, Sept. 17 - Gottschalks Inc. plans to use borrowings under its newly amended credit facility with GE Financing to fund the repurchase of up to 2 million shares of its common stock over the next 12 months, according to a company news release.

Gottschalks is a Fresco, Calif.-based department store chain.

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