Old Copper Co. Inc. (f/k/a CPPRQ/JCPNQ JC Penney)

[thelionwarrior]

"JCP Ad Hoc Committee Update June 29th 2020
In the past week the attorneys and financial advisors of the ad hoc committee have been granted access to the debtors' data room. They have started going through thousands of files of data to put together an analysis for the committee. The committee and our professionals have made requests for additional information from the debtors' and some of their professionals. We have received some of the information requested and are awaiting the rest. The company, it's advisors and their attorney's have been co-operative, up until this point, with all our requests and questions. The committee will continue working with our professionals to analyze this data.
KEY DATES
The company has sent over a proposed business plan to the DIP lenders. This business plan will have to be approved by the lenders by July 15th "