J.C. Penney To Refinance $2.25 Billion Real Estate Loan

By Markets MarketWatch Pulse

J.C. Penney Co. Inc. said Wednesday it's proposing to refinance a $2.25 billion senior secured term loan. The retailer also plans to extend the maturity of the loan, which is currently set at May 2018. The transaction is expected to be complete in June. The company also reported positive same-store sales quarter-to-date through Memorial Day. J.C. Penney stock is up 1.2% in premarket trading.

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