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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Wells Fargo, Others Lead $2.35B Credit Facility Refinance for J.C. Penney
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Lenders/Participants
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Wells Fargo Bank [Co-Lead Lender]
Bank of America Merrill Lynch [Co-Lead Lender]
J.P. Morgan Bank [Co-Lead Lender]
Barclays Bank [Co-Lead Lender]
Goldman Sachs [Co-Lead Lender]
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Structure
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Refinance - Senior Secured Revolver
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Amount
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$2.350
Billion
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Borrower(s)
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J. C. Penney Company, Inc.
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Description
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Refinancing of the company's $2.35 billion senior secured asset-based revolving credit facility. The amended and restated facility provides improved pricing terms and extends the maturity from 2019 to 2022. The revolving line of credit will remain available for seasonal working capital needs and general corporate purposes. Additional transaction details not disclosed.
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Industry
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Retail
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| Related Tags |
Bank of America Merrill Lynch, Barclays Bank, Goldman Sachs, J.P. Morgan Bank, Wells Fargo Bank
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ABL Advisor
Deal Tables
2025
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