J. C. Penney (JCP) $1.75B Loan Improves Liquidity; Large Drag on FCF
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Survey Shows Shoppers Would Return to J.C. Penney's (JCP) - Tilson
April 29, 2013 2:09 PM EDTA new survey commissioned by value investor and Managing Partner of Kase Capital, Whitney Tilson, showed that shoppers would in fact return to embattled retailer J.C. Penney Co., Inc. (NYSE: JCP), following the ill-fated turnaround strategy of recently departed CEO Ron Johnson which... More
Imperial Capital Starts J. C. Penney (JCP) at Underperform; 'Dead Money'
April 29, 2013 9:55 AM EDTImperial Capital assigned an Underperform rating and $11 price target J. C. Penney (NYSE: JCP) common shares, HOLD ratings to the shorter-dated (2015-2018 and 2023 maturity dates) unsecured senior notes and debentures, and BUY ratings to the 5.65% senior notes due 2020 and the long-dated (2036-2097) unsecured senior... More
Hedge Funds Load Up on Shares of J.C. Penney (JCP)
April 29, 2013 8:18 AM EDTShares of J.C. Penney (NYSE: JCP) moved higher pre-market on Monday following a weekend report in the New York Post. The article claimed two large hedge funds have taken a "significant stake" in the retailer.
News follows reports on Friday that... More
Ackman Finds a Few more 'Friends' in J.C. Penney (JCP)
April 29, 2013 8:16 AM EDTShares of J.C. Penney Co., Inc. (NYSE: JCP) are higher early Monday on reports from the New York Post that in addition to George Soro's hedge fund, at least two other major hedge funds have accumulated large stakes in the embattled... More
JCPenney (JCP) Affirms Entering $1.75B Loan Commitment with Goldman
April 29, 2013 8:07 AM EDTJCPenney (NYSE: JCP) announced that it has entered into a commitment letter with Goldman Sachs Bank USA (NYSE: GS) under which Goldman Sachs has committed to provide the Company with a five-year $1.75 billion senior secured term loan facility.
... More
UPDATE: J.C. Penney (JCP) Secures $1.75B Term Loan with Goldman Sachs
April 26, 2013 3:00 PM EDT(Updated - April 26, 2013 3:22 PM EDT)
JCPenney (NYSE: JCP) has a $1.75 billion loan commitment from Goldman Sachs, according to CNBC's David Faber.
According to data, the loan to JCPenney will be backed with real estate and other assets and is a... More
