Plano, Texas-based Penney has until July 31 to meet the conditions, according to a regulatory filing. It has also agreed to various changes to milestones similar to those set forth in the debtor-in-possession financing agreement.
Penney in May filed for bankruptcy protection and said it reached an agreement with existing lenders for $900 million of debtor-in-possession financing to aid operations. Earlier this month, Penney said it would cut about 1,000 jobs as it battles pressure from COVID-19-related disruptions.
به کیا میدن
CEO gets billions while regular workers are lay off
Delaying the inevitable
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite: