Tag: purchase agreement

Retail Types, Stores

JCPenney Received Green Light For Asset Purchase Agreement

November 13, 2020

Via: Forbes

Earlier this week Brookfield Properties, Simon Property Group, and First Lien Lenders received court approval for an asset purchase agreement with JCPenney. It looks to me like this drawn out bankruptcy process will finally end and the new ownership will […]

Retail Types, Stores

Is JCPenney Really Saved From Extinction?

November 2, 2020

Via: Forbes

Good news JCPenney JCP -11.9% finally has signed an asset purchase agreement with Simon Property Group SPG +0.6% and Brookfield Asset Management. The company also signed agreements with a majority of the company’s DIP (Debtor-in-Possession) lenders and First Lien Lenders. […]

Retail Types, Stores

Will J.C. Penney be renewed under new ownership?

October 29, 2020

Via: RetailWire

J.C. Penney has entered into a purchase agreement with Brookfield Property Partners and Simon Property Group and a group of first lien lenders to acquire the company’s assets. The department store retailer said it expects the deal to be finalized […]