JCPENNEY ANNOUNCES PLANS TO RETIRE $500 MILLION ASSET-BASED TERM LOAN
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J.C. Penney (JCP) Enters $500M of Incremental Bank Commitments
November 16, 2015 4:27 PM ESTJ.C. Penney (NYSE: JCP) announced that it has received $500 million of incremental bank commitments to increase the size of the Revolving Line of Credit under its existing Senior Secured Asset-Based Credit Facility ("ABL") to $2.35 billion from $1.85 billion. In connection with upsizing the revolving credit... More
