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OTC_Buyer

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OTC_Buyer

Re: OTC_Buyer post# 24455

Wednesday, 07/15/2020 12:25:20 PM

Wednesday, July 15, 2020 12:25:20 PM

Post# of 43522
J.C. Penney gets more time from lenders in push for survival

https://www.cnbc.com/2020/07/15/jc-penney-gets-more-time-from-lenders-in-push-for-survival.html


KEY POINTS
Last week, J.C. Penney met a deadline to submit a business plan to its lenders.

It originally had a deadline of July 15 to get its lenders on board with those plans.

The department store operator now has until July 31 to review and discuss its plans with its lenders. Their support will help determine its survival.
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