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BRIEF-J.C. Penney Reaches Tentative Rescue Deal with Simon Property Group, Brookfield Property Partners

路透社 ·  Sep 10, 2020 03:37
Sept 9 (Reuters) - J.C. Penney Lawyer:
   * J.C. PENNEY CO INC REACHES TENTATIVE RESCUE DEAL WITH LANDLORDS SIMON PROPERTY GROUP INC AND BROOKFIELD PROPERTY PARTNERS - J.C. PENNEY LAWYER
   * J.C. PENNEY HAS NON-BINDING LETTER OF INTENT WITH SIMON, BROOKFIELD FOR BANKRUPTCY RESCUE - J.C. PENNEY LAWYER DURING COURT HEARING
   * SIMON AND BROOKFIELD TO CONTRIBUTE $300 MILLION EQUITY CHECK TOWARD PURCHASE OF J.C. PENNEY RETAIL OPERATIONS - J.C. PENNEY LAWYER
   * WELLS FARGO SPEARHEADING $2 BILLION FINANCING TO FACILITATE J.C. PENNEY BANKRUPTCY EXIT - J.C. PENNEY LAWYER
   * J.C. PENNEY EXPECTS TO SEEK APPROVAL OF RESCUE DEAL FROM BANKRUPTCY JUDGE IN EARLY OCTOBER - J.C. PENNEY LAWYER

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