JCPenney is heading for a bankruptcy sale:
“A December resolution of all of this would be 7 months after JCPenney went into bankruptcy on May 15, 2020. The company has a $900 Million ‘debtor in possession’ financing facility and a first-lien debt of about $1.6 Billion. This DIP debt is held 94% by H/2 Capital Partners; they also hold 75% of the first lien debt.”
P.S. Unlike some retailers, Walmart is experiencing strong growth. Are you ready to continue doing business with Walmart and Sam’s Club? Get in touch with us today to schedule a consultation with one of our experts.