Tuesday, July 30, 2019

Amid Reports That It Hired Debt Restructuring Advisers, J.C. Penny Insists It’s Just Fine

The embattled J.C. Penney Co. may be considering debt restructuring options.

Earlier this month, Reuters reported that the retailer hired advisers to explore debt restructuring options that could potentially give the flailing department store chain more time to execute its long-running turnaround.

Citing sources familiar with the matter, the news agency reported that the retailer has had discussions with lawyers and investment bankers specializing in advising struggling companies on debt restructuring and other financial workouts. . . . more

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