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

[InvestInYourself]

UPDATE:

NOTICE OF MILESTONE EXTENSIONS

In order to facilitate further active and ongoing negotiations and

documentation, the DIP Lenders have extended through August 11, 2020 at 11:59 p.m., New

York City time, the deadlines by which the DIP Lenders must (a) select a winning bid for opco,

(b) complete negotiations regarding certain key term sheets reflecting the terms of a go-forward

transaction, and (c) approve the Business Plan (collectively, the “Extended DIP Deadlines”).

REMINDER

The Status hearing which was previously scheduled for Monday has been moved to Wednesday August 12th at 10:30am CT.