jcpenney Completes New $1.25 Billion Credit Facility
PLANO, Texas- J. C. Penney Company, Inc. (NYSE: JCP) recently announced that its wholly-owned subsidiary, J. C. Penney Corporation, Inc., has completed a new five-year $1.25 billion bank credit facility. The new facility replaces a $750 million credit facility that was scheduled to mature in April 2012 and provides further strength to the Company's liquidity position.
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