Daily News Record, September 27th, 1989
O&Y GIVES CAMPEAU NEW LOAN
NEW YORK (FNS) -- Olympia & York Developments Ltd. has agreed to provide Campeau Corp. with up to $220 million of an $800 million bridge loan which O&Y is trying to arrange for Campeau.
In a filing with the Securities & Exchange Commission, O&Y said it is using its "best reasonable efforts" to arrange the loan, which Campeau would use to help buy back junk bond securities issued by its Federated Department Stores and Allied Stores units. This loan is separate from financing Campeau is seeking to pay off an $800 million bridge loan made by Citibank and due in Apri...
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