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

[thelionwarrior]

August 8th 2020
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.
Sincerely,
Niko Celentano
Chairman
JCP ad hoc equity committee

[e-mail]