J.C. Penney is buying back a total of $300 million of its notes due in 2018 and 2019.
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