JCP TL B 1L USD

JC Penney Co Inc

Credit, Consumer


Publicly traded companies mentioned herein: JC Penney Co Inc (JCP), Sears Holdings (SHLDQ)

Highlights

The presenter is long JC Penney’s (JCP) LIBOR+4.25% first-lien term loans and 5.875% senior secured bonds due in 2023, which together have ~$2B outstanding and are trading in the mid- to high-80 range. In his view, the company’s real estate is more valuable than consensus estimates and should sufficiently cover its secured debt.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

  • Signing up and creating account with us unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Request access to DeMatteo Research for full access

Request Access

Already have an account?

Idea Discussion

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Commentor 1 - 2 weeks ago

Signing up and creating account with us, unlocks this content for you. Contact us today for full access to DeMatteo Research and more.

Idea Discussions display submitted commentary from our investor community.

To read and participate in the discussion with the presenter and investor base, request access to DeMatteo

Request Access

Already have an account?

An error occurred loading this content. Try again later or contact us.