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SELECTED TRANSACTION DETAILS
J.P. Morgan, Others Arrange J.C. Penney Facility Increase
Wednesday, February 13, 2013

Lenders/Participants JP Morgan Chase [Administrative Agent]
J.P Morgan Securities [Joint Bookrunner, Lead Arranger]
Wells Fargo Capital Finance [Joint Bookrunner, Lead Arranger]
Barclays Bank [Joint Documentation Agent, Joint Bookrunner, Lead Arranger]
Bank of America [Joint Documentation Agent]
Wells Fargo Bank [Joint Documentation Agent, L/C Agent]
Structure Senior Credit Facility
Amount $1.850 Billion
Borrower(s) JCPenney Co.
Description 2013 Credit Agreement, which replaces the 2012 Credit Agreement, provides for maximum availability to the Loan Parties of up to $1.85 billion for general corporate purposes, including the issuance of letters of credit. The 2013 Credit Agreement continues to be an asset-based facility, in which borrowing availability varies according to the Loan Parties’ levels of inventory and accounts receivable, and matures on April 29, 2016. The 2013 Credit Agreement increases the letter of credit sublimit to $750 million from $500 million and provides that the Corporation may at any time prior to the maturity date request that the aggregate size of the facility be increased by an additional amount not to exceed $400 million.
Industry Retail
Related Tags Bank of America Merrill Lynch, Barclays Capital, J.P. Morgan Securities, Wells Fargo Capital Finance




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