Hudson's Bay completes C$1.35 billion asset-based credit facility

By Sara Rosenberg

New York, Nov. 15 - Hudson's Bay Co. closed on a new C$1.35 billion asset-based revolving credit facility, according to a news release.

GE Capital Markets served as a joint lead arranger.

Proceeds will be used for working capital.

Toronto-based Hudson's Bay is a general merchandise retailer.

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