Macy's (M) is up 15.5% after renegotiating terms of its $2B credit agreement with JPMorgan (JPM)...

|About: Bank of America Corpora... (BAC)|By:, SA News Editor

Macy's (M) is up 15.5% after renegotiating terms of its $2B credit agreement with JPMorgan (JPM) and Bank of America (BAC). The yet-untapped facility carries higher fees, but clears the air about Macy's ability to repay $950M in debt maturing next year.