For more information, get in touch with our team:
+44 7918 53 08 73
Hint mode is switched on Switch off
  • High performance interface for global bond market screening
  • Full information on close to 500,000 bonds from 180 countries
  • 100% coverage of Eurobonds worldwide
  • Over 300 primary sources of prices
  • Ratings data from all international and local ratings agencies
  • Stock market data from 100 world trading floors
  • Intuitive, high speed user interface
  • Data access via the website, mobile application and add-in for Microsoft Excel

J.C. Penney Corporation will exit bankruptcy

October 22, 2020
J.C. Penney Corporation could emerge from the bankruptcy process before the Christmas holidays, according to its CEO's statement on October 21. 

The company reached an agreement with Brookfield and Simon that will purchase all of its retail and operating assets for $800 mln, more specifically for $300 mln in cash and $500 mln in the new term credit facility. At the same time, a group of first lien lenders is going to obtain 160 of the company's real estate assets and distribution centers to be a part of an independent real estate holding firm through the reorganization plan that will be finished after the end of the transaction. 

After the agreement is completed, J.C. Penney’s operating assets will function under its sign as a subsidiary of Simon and Brookfield. 

The company first stated that it intends to finish the deal in September when the lawyer of Kirkland & Ellis  Joshua Sussberg announced that it would maintain around 70 000 jobs and 650 stores.
  • Full name
    J.C. Penney Corporation, Inc.
  • Registration country
  • Industry
    Trade and retail