Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

Penney’s Nabs $900 Million in Financing But a Fight for its Future Begins

Where are fashion’s priorities? How sustainability will fare post pandemic is just one of many open questions. Join SJ on July 15 at 11 am for a webinar on how the crisis will affect future sourcing decisions and how to better measure progress.

J.C. Penney got a bankruptcy court judge’s approval on $900 million in new financing, but the onerous terms could still topple the firm into liquidation. The mass merchant was expected to move forward on the debtor-in-possession facility with Silver Point Capital and H/2 Capital Partners, even though it offers restructuring terms leave left little room…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!