Lenders say bids for Penney's real estate and assets aren't close enough to the $2.2 billion of debt they hold after the department store filed for bankruptcy.
The bids under consideration aren't close enough to the about $2.2 billion of debt the lenders hold after Penney's, according to the report. It cited people familiar with the matter, who said they couldn't be named because the deals are private. The earlier proposals were about $1.8 billion, according to the report.
There are three separate bids being considered for the department store's real estate and other assets, the company's attorney Joshua Sussberg of Kirkland & EllisThe bidders are private-equity firm Sycamore; mall operators
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
J.C. Penney Seeks Approval for $47.7M ‘Key Employee’ PaymentsThe retailer sought payments it argued were necessary to retain a number of key employees, who do not include top management.
Weiterlesen »
J.C. Penney Seeks Approval for $47.7M ‘Key Employee’ PaymentsThe retailer sought payments it argued were necessary to retain a number of key employees, who do not include top management.
Weiterlesen »
Bankruptcy Reckoning Hits Retail With Tailored Brands, Le Tote FailingTailored Brands and Le Tote with Lord & Taylor join the list of firms tripped up by dealmaking and now in Chapter 11.
Weiterlesen »
Apple denies reported interest in TikTok acquisitionApple Inc. undefined has reportedly denied interest in acquiring TikTok after an Axios story from earlier Tuesday said that Apple was looking into a...
Weiterlesen »
'Alarming' rate of cyberattacks aimed at major corporations, governments and critical infrastructure amid COVID-19: Report
Weiterlesen »
Manhattan Prosecutor Seeking Trump Taxes Cites ‘Possibly Extensive and Protracted Criminal Conduct’The Manhattan district attorney’s office says it is justified in seeking financial documents from President Trump and his company as part of a complex investigation into alleged insurance and bank fraud.
Weiterlesen »