JCPenney (JCP) in Talks for $1B Asset-Backed Loan
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UPDATE: Gilford Securities Upgrades J. C. Penney (JCP) to Buy
April 22, 2013 9:38 AM EDT(Updated - April 22, 2013 10:46 AM EDT)
Less than a month after upgraded the stock from Sell to Neutral, Gilford Securities analyst Bernard Sosnick has taken his rating on to J. C. Penney (NYSE: JCP) to Buy. Sosnick believes the company is at an... More
JCPenney (JCP) Looks to Enter New $500M Secured Loan
April 18, 2013 2:02 PM EDTJCPenney (NYSE: JCP) popped higher Thursday afternoon following headlines that it might be in discussions for more financing.
Dow Jones reported that a Wells Fargo-led group might offer JCPenney a $500 million credit line. Others in the group include private equity... More
JCPenney (JCP) Seeks to Raise Over $1B as Cash Pile Dwindles
April 12, 2013 7:33 AM EDTDespite recent woes at the company, retailer JCPenney (NYSE: JCP) isn't giving up yet.
Reports out Friday have JCPenney tapping the advisory arm of private equity firm Blackstone (NYSE: BX) to advise on how to shore-up its eroding cash pile. The retailer may also be in discussions to seek $1 billion in financing, with one option being a minority... More
