JC Penney Gets Nod For $450M In Ch. 11 Financing

By Rick Archer (June 4, 2020, 9:28 PM EDT) -- A Texas bankruptcy judge approved a $450 million Chapter 11 financing package for J.C. Penney Co. on Thursday after the company said that only its first-lien lenders were willing to put money into the retail chain in the face of COVID-19....

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