Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  OTC Bulletin Board - Other OTC  >  Old COPPER Company, Inc.    JCPNQ


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

J C PENNEY CO INC : Results of Operations and Financial Condition, Financial Statements and Exhibits (form 8-K)

11/23/2020 | 04:18pm EST

Item 2.02. Results of Operations and Financial Condition.

As previously reported, on June 8, 2020, J. C. Penney Corporation, Inc. ("JCP"), as borrower, and J. C. Penney Company, Inc. (the "Company") and certain of its subsidiaries, as guarantors, entered into a Superpriority Senior Secured Debtor-In-Possession Credit and Guaranty Agreement (the "DIP Credit Agreement") with the financial institutions identified therein as lenders (the "Lenders"), GLAS USA LLC, as administrative agent (the "Administrative Agent"), and GLAS Americas LLC, as collateral agent. Pursuant to the DIP Credit Agreement, the Company and JCP are required to deliver to the Administrative Agent for distribution to each Lender, among other things, the Company's consolidated monthly financial statements and certain other financial information as specified therein (the "Monthly Information"). Certain portions of the Monthly Information as of and for the month ended October 31, 2020 (the "October 2020 Monthly Information") is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The Company cautions investors and potential investors not to rely upon the October 2020 Monthly Information, as it was not prepared for the purpose of providing any basis for an investment decision relating to any of the securities of the Company. The October 2020 Monthly Information does not include certain quarterly adjustments and other important explanatory notes, has not been audited or reviewed by any independent public accounting firm, and may be subject to future reconciliation or adjustments, including adjustments related to the Company's bankruptcy filing. In addition, the October 2020 Monthly Information is limited in scope and covers a limited time period, and accordingly, should not be viewed as indicative of future results.

The information disclosed in this Item 2.02 is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such a filing.

Item 9.01. Financial Statements and Exhibits.

(d)   Exhibit 99.1     October 2020 Monthly Information

      Exhibit 104    Cover Page Interactive Data File - the cover page XBRL tags are
                     embedded within the Inline XBRL document


© Edgar Online, source Glimpses

01/18OLD COPPER : JCPenney Observes Martin Luther King, Jr. Day with Service-Minded &..
01/13OLD COPPER : JCPenney Improves Supply Chain Sustainability with Apparel Impact I..
01/08J C PENNEY : JCPenney Reinvents Xersion Activewear Brand; Available Jan. 7, Xers..
01/07J C PENNEY : Jan. 7, 2021 – JCPenney Reinvents Xersion® Activewear Brand
01/07J C PENNEY : Redesigned Xersion® Assortment Motivates You to Move in 2021
2020OLD COPPER COMPANY, INC. : Change in Directors or Principal Officers, Amendments..
2020JCPenney Ownership Group Starts Search for New CEO
2020J C PENNEY : Dec. 30, 2020 – JCPenney Charts a Fresh Course and Initiates ..
2020Wall St Week Ahead-RPT-Investors bet old-school retailers will rebound in 202..
2020Analysis-U.S. retailers want shoppers to help Santa with curbside pickup
More news