OTHER NEWS - Dec. 12, 1991
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From Times Staff and Wire Reports
Macy’s Gets New Loan Terms From Its Banks: The operator of Macy’s, Bullock’s and I. Magnin department stores said its banks have eased the terms on its $500-million revolving line of credit to permit it to have up to $150 million outstanding on the credit line during the post-holiday sales period, rather than the earlier limit of $1 million.
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