JC Penney's TLB sinks as tariff fears mount

摘要

Retailer jc penney's term loan B sank in the secondary loan market as the escalation in the trade dispute between the US and China threatens to hurt the company's apparel and footwear imports. The loan was quoted at 84.25-85.75 on Thursday, down from 86-87.5 on Tuesday, according to a source. The loan was at 90 in April, according to LPC data.