OTHER NEWS - May 14, 1992
From Times Staff and Wire Reports
Carter Hawley Gets Financing: The department store chain, scheduled to emerge from bankruptcy reorganization later this year, said General Electric Capital Corp. will provide up to $800 million in new financing. Under the pact, GE will give up to $575 million to fund the company’s credit card receivables and up to $225 million in operational cash advances. Carter Hawley Hale, the operator of the Broadway and other California department stores, filed for bankruptcy protection in February, 1991.
