J.C. Penney Seeks To Restructure Debt
- 5 years ago
Reuters reports that J.C. Penney Co Inc has hired advisers to explore debt restructuring options.
The company is hoping to buy more time to forge a turnaround, people familiar with the matter said on Thursday.
The clock is ticking for the company.
Its cash coffers are dwindling and its debt, totaling roughly $4 billion, comes due in the next few years.
The company is hoping to buy more time to forge a turnaround, people familiar with the matter said on Thursday.
The clock is ticking for the company.
Its cash coffers are dwindling and its debt, totaling roughly $4 billion, comes due in the next few years.