Tag: High Yield debt

By J.C. Penney (Brand New design website See article here) [Public domain], via Wikimedia Commons

J.C. Penney Secures $1.75B Loan [ANALYSIS]

This morning J.C. Penney Company, Inc. (NYSE:JCP) announced that it entered into a commitment letter with lenders to provide the company with a five-year $1.75bn senior secured term loan facility. Proceeds may be used to fund ongoing working capital requirements and […]