brookfield

Retail
J.C. Penney Exits Chapter 11

J.C. Penney has exited Chapter 11, completing its previously announced sale, under which Simon Property Group and Brookfield Asset Management have acquired substantially all of its retail and operating assets.

Retail
J.C. Penney Receives Court Approval For Asset Purchase Agreement  

J.C. Penney said that the U.S. Bankruptcy Court for the Southern District of Texas has approved the previously announced asset purchase agreement with Brookfield Asset Management, Inc., Simon Property Group and the company’s DIP and First Lien Lenders, which is supported by the unsecured creditors committee.

Retail
Updated: J.C. Penney Moves Toward A Simon And Brookfield Buyout

Joshua Sussberg of the law firm Kirkland & Ellis, representing J.C. Penney, has told the United States Bankruptcy Court for the Southern District of Texas that Simon Property Group and Brookfield Property Partners had signed a non-binding but fully executable letter of intent for the purchase of J.C. Penney.