J.C. Penney $850 million

J.C. Penney $850 million


J.C. Penney $850 million, J.C. Penney Co Inc (JCP.N) has borrowed $850 million from its $1.85 billion revolving credit facility to help buy inventory as the department store operator revamps its business strategy after a failed turnaround.
The company said on Monday it will use the proceeds to fund its working capital needs and capital expenditures, including buying