JC Penney Finalizes Ch. 11 Sale Terms As Lender Fight Looms

By Vince Sullivan (October 26, 2020, 8:20 PM EDT) -- Bankrupt department store chain J.C. Penney told a Texas judge Monday that it has finalized the terms of a complex asset sale through which retail landlords will acquire the debtor's operating assets and a group of lenders will acquire a new property-owning entity, even as those lenders are embroiled in an intercreditor battle....

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