JCPenney (JCP) Looks to Enter New $500M Secured Loan

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Go back to JCPenney (JCP) Looks to Enter New $500M Secured Loan

JCPenney (JCP) in Talks for $1B Asset-Backed Loan

April 19, 2013 8:58 AM EDT

JCPenney (NYSE: JCP) is ticking higher Friday morning following reports that the beleaguered retailer may put up real estate as collateral as it works to secure financing.

Reports have JCPenney in discussions with Goldman Sachs and JPMorgan for an asset-backed... More

Despite Tapping Facility, JCPenney (JCP) Will Still Need to Raise More Cash

April 16, 2013 7:46 AM EDT

JCPenney (NYSE: JCP) ended the session Monday just over 1.5 percent lower amid news that it would be tapping into a revolving credit line to maintain flexibility over the next few months while it works to transform the look of about 500 locations with home goods stores aimed at drawing in more consumers.... More

JCPenney (JCP) Draws $850M from Revolving Facility to Bolster Financial Flexibility

April 15, 2013 8:32 AM EDT

JCPenney Company, Inc. (NYSE: JCP) announced plans to enhance the Company's financial flexibility and position. As part of that process, and consistent with its previously stated plans, the Company has drawn $850 million out of its $1.85 billion committed revolving credit facility. Proceeds will be used to fund working capital requirements and capital expenditures, including... More