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3 years ago

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J.C. Penney Settles With Holdout Lenders, Easing Chapter 11 Sale

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J.C. Penney Settles With Holdout Lenders, Easing Chapter 11 Sale

The retailer cleared the way to sell itself out of bankruptcy to lenders and landlords, settling with a group of holdout creditors led by Aurelius Capital Management that wanted a bigger slice of the pie from the restructuring.

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J.C. Penney Settles With Holdout Lenders, Easing Chapter 11 Sale

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J.C. Penney Settles With Holdout Lenders, Easing Chapter 11 Sale

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