![]() JCP Parties, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (the Term Loan Facility), or the Indenture (the ∲016 Indenture), dated as of June 23, 2016, among the JCP Parties and That, among other things, limit the Corporations ability to (i) consolidate, merge or sell all or substantially all of its properties or assets, (ii) sell (x) Collateral (as defined below), other than ABL Priority Collateral (asĭefined below) (Second Priority Collateral), or (y) any real property interest that secures the JCP Parties obligations under the Amended and Restated Credit and Guaranty Agreement, dated as of June 23, 2016, among the #Rooftech airmount plus#Prior to March 15, 2021, the Corporation may redeem up to 35% of the original principal amount of the Notes at a redemption price equal to 108.625% of the principal amount of the Notes to be redeemed, plus any accrued and unpaid interest to,īut not including, the redemption date, with the net cash proceeds from a qualified equity offering. In addition, at any time, and from time to time, Principal amount of the Notes to be redeemed if the redemption occurs on or after March 15, 2023, plus, in each case, any accrued and unpaid interest to, but not including, the redemption date. On or after March 15, 2021 and before March 15, 2022, (ii) 102.156% of the principal amount of the Notes to be redeemed if the redemption occurs on or after March 15, 2022 and before March 15, 2023 or (iii) 100.000% of the Redeem the Notes in whole or in part at any time, and from time to time, on or after March 15, 2021 and prior to maturity at a redemption price equal to (i) 104.313% of the principal amount of the Notes to be redeemed if the redemption occurs Indenture) as of the redemption date plus 50 basis points over (b) the principal amount of the Notes to be redeemed plus, in each case, any accrued and unpaid interest to, but not including, the redemption date. The Notes to be redeemed through March 15, 2021 (excluding interest paid prior to the redemption date and accrued but unpaid interest to the redemption date), computed using a discount rate equal to the Treasury Rate (as defined in the (ii) the excess of (a) the present value at the redemption date of (1) the redemption price of the Notes to be redeemed at March 15, 2021 as set forth in the terms of the Notes plus (2) all required interest payments due on Time to time, prior to March 15, 2021, the Corporation may redeem the Notes in whole or in part, at the Corporations option, at a redemption price equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed and The form of Note is filed herewith as Exhibit 4.1 and is incorporated herein by reference. Interest on the Notes is payable on March 15 and September 15 of each year, commencing on The Notes bear interest at a rate of 8.625% per year and will mature on March 15, 2025. Securities Act and applicable state securities laws. #Rooftech airmount registration#Under the Securities Act or any state securities laws and, unless so registered, may not be offered or sold in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Persons in reliance on Regulation S under the Securities Act. Securities Act of 1933, as amended (the Securities Act), and outside the United States to The Notes were sold to qualified institutional buyers in reliance on Rule 144A under the Indenture (the Indenture) with Wilmington Trust, National Association, as trustee (the Trustee), which provides for the issuance by the Corporation of $400,000,000 aggregate principal amount of 8.625% Senior Secured Second (the ∼orporation) and certain subsidiaries of the Corporation (collectively, with the Company and the Corporation, the JCP Parties) entered into an In Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or RuleĮmerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the ExchangeĮntry into a Material Definitive Agreement.Ĭompany, Inc. Indicate by check mark whether the registrant is an emerging growth company as defined Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) The registrant under any of the following provisions: (Former name or former address, if changed since last report.)Ĭheck the appropriate box below if the Formįiling is intended to simultaneously satisfy the filing obligation of Registrants telephone number, including area code: (972) (Exact name of registrant as specified in its charter) J C PENNEY CO INC (Form: 8-K, Received: 16:36:07)ĭate of Report (Date of earliest event reported): March 12, 2018 ![]()
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