- J.C. Penney (NYSE:JCP) announces it plans to refinance a $2.25B real estate term loan and extend its maturity date beyond the original date of May of 2018.
- The transaction is expected to be completed in June.
- On a separate matter, J.C. Penney discloses that comparable-store sales growth is running positive this quarter through the Memorial Day weekend.
- JCP +1.41% premarket to $7.90.