Dove lo leggi?J.C. Penney (NYSE:JCP) has added restructuring specialists from the Kirkland & Ellis law firm to its team giving it debt advice, according to Reuters.
Sources says the advisers are not exploring a bankruptcy filing for the retailer as they focus instead on reworking finances outside of court proceedings.
One of the largest hurdles for the JCP is how to handle the $2B in debt that will come due in 2023.