Tuesday, May 9, 2017

J.C. Penney buying back $300 million in debt

Image result for jc penneySTOREJ.C. Penney is buying back a total of $300 million of its notes due in 2018 and 2019.

The Plano-based department store chain started a cash offer of the notes on Monday. Penney said the offer ends on June 5. Penney's offer includes a maximum of $75 million of the 2018 notes.

Penney ended 2016 with $4.836 billion in total debt. . . . more

No comments: