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Philter1972

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Philter1972

Re: Miami Sun post# 27475

Monday, 08/03/2020 8:05:26 AM

Monday, August 03, 2020 8:05:26 AM

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On July 20, hedge funds and private-equity firms financing J.C. Penney’s bankruptcy proposed forgiving debt owed to them in exchange for owning the retailer, Sussberg said in court. These lenders are led by H/2 Capital Partners and other distressed-debt investors that also hold portions of J.C. Penney’s $5 billion of total debt.
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