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J.C. Penney Co., Inc.
Ticker Symbol: JCPNQ* CUSIP: 708160106 Exchange: OTOTC
* NOTE: This security is no longer trading as of 2/01/2021
Company's Online Profile
BUSINESS: J. C. Penney Company, Inc. is one of the nation's largest apparel and home furnishings retailer. Its business consists of selling merchandise and services to consumers through its department stores and through its Internet Website. It sells family apparel and footwear, accessories, fine and fashion jewelry, beauty products through Sephora inside jcpenney and home furnishings.
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Notes: December 07, 2020 -- JCPenney today announced that it has completed its previously announced sale, under which Simon Property Group (“Simon”) and Brookfield Asset Management, Inc. (“Brookfield”) have acquired substantially all of JCPenney’s retail and operating assets (“OpCo”). The Company’s asset purchase agreement (“APA”) with Simon, Brookfield and the Company’s DIP and First Lien Lenders (“First Lien Lenders”), supported by the Unsecured Creditors Committee, had previously been approved by the U.S. Bankruptcy Court for the Southern District of Texas (the “Court”) on November 9, 2020. May 15, 2020 -- J. C. Penney Company, Inc. (NYSE: JCP) today announced that it has entered into a restructuring support agreement (the “RSA”) with lenders holding approximately 70% of JCPenney’s first lien debt to reduce the Company’s outstanding indebtedness and strengthen its financial position. The RSA contemplates agreed-upon terms for a pre-arranged financial restructuring plan (the “Plan”) that is expected to reduce several billion dollars of indebtedness, provide increased financial flexibility to help navigate through the Coronavirus (COVID-19) pandemic, and better position JCPenney for the long-term. To implement the Plan, the Company today filed voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, in Corpus Christi, TX (the "Court").
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Previous Ticker Symbol: JCP Changed: 5/18/2020
Large Cap Stock -
Market Value $ Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 6501 Legacy Drive, Plano, TX 75024 |
| Main Phone Number |
972-431-1000 |
| Fax Number |
Not Available |
| Investor Relations
Trent Kruse
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972-431-5500
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| Toll Free Phone Number |
800-322-1189 |
| CEO - Marvin R. Ellison |
CFO - Edward J. Record |
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