J. C. Penney Completes New $1.25 Billion Credit Facility

J. C. Penney Company, Inc. JCP announced today that its wholly-owned subsidiary, J. C. Penney Corporation, Inc., has completed a new five-year $1.25 billion bank credit facility. The new facility replaces a $750 million credit facility that was scheduled to mature in April 2012 and provides further strength to the Company's liquidity position.