JC Penney To Pay Lenders $40M In Ch. 11 Sale Settlement
By Vince Sullivan ( November 6, 2020, 5:05 PM EST) -- Bankrupt retailer J.C. Penney told a Texas judge Friday that it will pay a minority group of lenders $40 million as part of a settlement that resolves the group's objections to a $1.75 billion sale transaction slated for consideration Monday....
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