Debt tied to
- Department store chain’s term
loan due 2025rose 12.25 cents on the dollar to ~50 cents, according to trading data compiled by Bloomberg
- Loan was quoted between 37 and 39 cents before the report, according to people familiar with the pricing
- NOTE: Sycamore’s plan would involve re-branding J.C. Penney stores to Belk stores in markets where the two retailers don’t overlap; the rest of the J.C. Penney locations would be liquidated, ...