JC Penney in talks for $450 million loan as it eyes Friday bankruptcy filingAs part of the discussions, J.C. Penney would be able to draw $225 million of its bankruptcy loan on day one, and then have to hit certain milestones in order to obtain the second half of the loan.[Collection]

As part of the discussions, J.C. Penney would be able to draw $225 million of its bankruptcy loan on day one, and then have to hit certain milestones in order to obtain the second half of the loan.https://www.cnbc.com/2020/05/12/jc-penney-in-talks-for-450-million-loan-as-it-eyes-friday-bankruptcy-filing.html