JCP $2.3 Bn notes, good or bad?# Stock
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Form 8-K for J C PENNEY CO INC
19-May-2014
Entry into a Material Definitive Agreement, Submission of Matters to a Vote
of
Item 1.01 Entry into a Material Definitive Agreement.
On May 14, 2014, J. C. Penney Corporation, Inc. (the "Corporation"), a
wholly-owned subsidiary of J. C. Penney Company, Inc. (the "Company"),
entered into a commitment letter (the "Commitment Letter"), with Wells Fargo
Securities, LLC, Wells Fargo Bank, National Association, Bank of America, N
.A., Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan
Securities LLC, JPMorgan Chase Bank, N.A., Barclays Bank PLC and Goldman
Sachs Bank USA (collectively, the "Commitment Parties"), under which the
Commitment Parties have committed, subject to the terms and conditions set
forth in the Commitment Letter, to provide the Corporation with a $2.35
billion senior secured asset-based revolving credit and term loan facility (
the "Credit Facility").
19-May-2014
Entry into a Material Definitive Agreement, Submission of Matters to a Vote
of
Item 1.01 Entry into a Material Definitive Agreement.
On May 14, 2014, J. C. Penney Corporation, Inc. (the "Corporation"), a
wholly-owned subsidiary of J. C. Penney Company, Inc. (the "Company"),
entered into a commitment letter (the "Commitment Letter"), with Wells Fargo
Securities, LLC, Wells Fargo Bank, National Association, Bank of America, N
.A., Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan
Securities LLC, JPMorgan Chase Bank, N.A., Barclays Bank PLC and Goldman
Sachs Bank USA (collectively, the "Commitment Parties"), under which the
Commitment Parties have committed, subject to the terms and conditions set
forth in the Commitment Letter, to provide the Corporation with a $2.35
billion senior secured asset-based revolving credit and term loan facility (
the "Credit Facility").
