J.C. Penney (JCP) +1% AH on news it has increased the size of its credit facility by $300M to...

|About: J.C. Penney Company Inc. (JCP)|By:, SA News Editor

J.C. Penney (JCP) +1% AH on news it has increased the size of its credit facility by $300M to $1.8B. Also, the facility's accordion feature has been increased to $400M.  The hike comes amidst claims the cash-burning retailer is defaulting on the facility due to a technicality. (PR)