JC Penney (JCP) Files Chapter 11 Bankruptcy
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JCPenney Receives Court Approval of “First Day” Motions to Support Business Operations
May 16, 2020 5:45 PM EDTÂ Continuing to Serve Customers Compelling Merchandise in Select Stores and on jcp.com
Highly Experienced and Dedicated Retail Leadership Team Executing Transformation Strategy
PLANO, Texas--(BUSINESS WIRE)-- J. C. Penney Company, Inc. (NYSE: JCP) today announced that it has received approvals from the U.S. Bankruptcy Court for the Southern District of Texas, in Corpus Christi, TX (the Court) for the First Day motions related to the Companys voluntary Chapter 11 petitions filed on May 15, 2020, including approval for the... More
JCPenney to Reduce Debt and Strengthen Financial Position Through Restructuring Support Agreement
May 15, 2020 6:22 PM EDTÂ Despite JCPenneys Significant Progress in Executing its Transformation Strategy, Impact of Unprecedented Coronavirus (COVID-19) Pandemic Necessitates Accelerated Financial Restructuring
Customers Continue to Find the Stylish Merchandise in Select Stores and on jcp.com
Highly Experienced and Dedicated Retail Leadership Team Continuing to Lead JCPenney
Restructuring Support Agreement Supported by Approximately 70% of First Lien Lenders; Files Voluntary Chapter 11 Petitions to Implement Financial Restructuring Plan
Secures $900 Million in Debtor-in-Possession Financing
PLANO,... More
