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Penney’s Forks Over $17M Interest Payment, But What Does it All Mean?

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J.C. Penney parted with a $17 million interest payment just under the wire on Thursday, but an ominous cloud of uncertainty hangs over the debt-laden chain’s murky future. The company in a regulatory filing on Friday said it made the payment that was due May 7, and that it entered into the five-day grace period…

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