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J.C. Penney refinancing real estate loan

6/1/2016

J.C. Penney Co. said Wednesday it is proposing to refinance a $2.25 billion senior secured term loan, and to extend the maturity of the loan, which is currently set at May 2018. The transaction is expected to be complete in June.



Penney also reported positive same-store sales for its quarter-to-date through Memorial Day.


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