Consideration for the OpCo asset sale consists of (i) cash in the amount of a $300 million OpCo equity contribution plus an additional cash amount, which may be funded by a new ABL and/or FILO facility, (ii) a credit bid of DIP and first lien obligations in an unspecified amount, and (iii) the assumption of assumed liabilities. Download apps by Penney OpCo LLC, including JCPenney - Shopping & Coupons. https://www.justice.gov/ust-regions-r07 Phone: 713.718.4650 Fax: 713.718.4580, 1133 N. Shoreline Blvd. Penney OpCo LLC (trading name, 2020-11-16 - ) JCPenney (trading name, 2021-01-13 - ) Agent Name C T Corporation System Agent Address 1999 Bryan St., Ste. DocketUpdated -- Julia N. Sarnoff (Attorney): Middle Name changed from Nell to N. DocketCase Management Conference scheduled for 05/13/2022 at 08:30 AM in Stanley Mosk Courthouse at Department 47 Held - Continued was rescheduled to 07/07/2022 08:30 AM, DocketAddress for Azar Mouzari (Attorney) updated, DocketComplaint; Filed by: Pamela Hill (Plaintiff); As to: Penney Opco, LLC (Defendant), DocketCivil Case Cover Sheet; Filed by: Pamela Hill (Plaintiff); As to: Penney Opco, LLC (Defendant), DocketSummons on Complaint; Issued and Filed by: Pamela Hill (Plaintiff); As to: Penney Opco, LLC (Defendant), DocketAlternate Dispute Resolution Packet; Filed by: Clerk, DocketFirst Amended General Order re: Mandatory Electronic Filing; Filed by: Clerk, DocketVoluntary Efficient Litigation Stipulation Packet; Filed by: Clerk, DocketNotice of Case Assignment - Unlimited Civil Case; Filed by: Clerk, DocketCase assigned to Hon. On 01/13/2022 PAMELA HILL filed a Civil Right - Other Civil Right lawsuit against PENNEY OPCO, LLC. With the completion of the sale, JCPenney has access to approximately $1.5 billion of new financing. 711 Capitol Way S Ste 204, Olympia, WA 98501-1267, granite services po box 1490 gig harbor wa, PROFIT - FOREIGN LIMITED LIABILITY COMPANY, 1340 Goucher St, Pacific Plsds, CA 90272-2621, 1601 Highway 13 E, Burnsville, MN 55337-6865, 25 Omega Dr Ste 150, Williston, VT 05495-7334, 12100 Samsung Blvd, Austin, TX 78754-1903, 2251 Landmark Pl, Manasquan, NJ 08736-1026, 2077 Convention Center Concourse, Atlanta, GA 30337-4201, 4 New Century Pkwy, New Century, KS 66031-1144, 3351 Michelson Dr Ste 100, Irvine, CA 92612, 2401 S Stemmons Fwy, Ste 4000, Lewisville, TX 75067-8797, 711 Capitol Way S Ste 204, Olympia, WA 98501-1267, 711 Capitol Way S, Suite 204, Olympia, WA 98501-1267, 711 Capitol Way S, Ste 204, Olympia, WA 98501-1267, 711 Capitol Way S, Ste. 118 years after JCPenney was created in Kemmerer, Wyoming new owners will operate the stores as they exit from bankruptcy. Minute Order - MINUTE ORDER (CASE MANAGEMENT CONFERENCE:), Stipulation and Order - SECOND STIPULATION AND ORDER TO EXTEND TIME TO FILE RESPONSIVE PLEADING, Certificate of Mailing for - CERTIFICATE OF MAILING FOR (COURT ORDER - REGARDING CONTINUANCE OF HEARING:) OF 03/17/2022, Minute Order - MINUTE ORDER (COURT ORDER - REGARDING CONTINUANCE OF HEARING:), Stipulation and Order - STIPULATION AND ORDER TO EXTEND TIME TO FILE RESPONSIVE PLEADING AND CONTINUE CASE MANAGEMENT CONFERENCE, Notice of Case Assignment - Unlimited Civil Case, Voluntary Efficient Litigation Stipulation Packet, Unknown - FIRST AMENDED GENERAL ORDER RE: MANDATORY ELECTRONIC FILING, Unknown - ALTERNATE DISPUTE RESOLUTION PACKET, Cases involving other civil rights and constitutional questions not classified elsewhere, 440, 444, 1440, 1444, 2440, 2444, 3440, 3444, 4440, 4444, 5950, On the Complaint filed by Pamela Hill on 01/13/2022, entered Request for Dismissal with prejudice filed by Pamela Hill as to the entire action, Request for Dismissal; Filed by: Pamela Hill (Plaintiff); As to: Pamela Hill (Plaintiff); Penney Opco, LLC (Defendant), Order to Show Cause Re: Dismissal (Settlement) scheduled for 09/06/2022 at 08:30 AM in Stanley Mosk Courthouse at Department 47 Not Held - Vacated by Court on 07/22/2022, Order to Show Cause Re: Dismissal (Settlement) scheduled for 09/06/2022 at 08:30 AM in Stanley Mosk Courthouse at Department 47, Minute Order (Case Management Conference:), Case Management Conference scheduled for 07/07/2022 at 08:30 AM in Stanley Mosk Courthouse at Department 47 updated: Result Date to 07/07/2022; Result Type to Held, Case Management Conference scheduled for 07/07/2022 at 08:30 AM in Stanley Mosk Courthouse at Department 47. The PropCos are expected to complete the Court-supervised restructuring process and emerge from Chapter 11 bankruptcy protection in the first half of 2021. UniCourt uses cookies to improve your online experience, for more information please see our Privacy Policy. (Related document(s):1592 Emergency Motion) Filed by J. C. Penney Company, Inc. Order Postponing Sale Hearing Signed on 11/2/2020 Sale Hearing continued to November 9, 2020, at 10:30 a.m. CST by telephone and video conference. JCPenney is now poised for a future focused on innovation and consumers, while continuing to navigate through the pandemic. Cautionary Statement Regarding Forward-Looking Information. Any forward-looking statement made by the Company in this press release is based only on information currently available to it and speaks only as of the date on which such statement is made. http://www.jw.com/ Phone: 713.752.4200 Fax: 713.752.4221, Matthew D. Cavenaugh Jennifer F. Wertz Kristhy M. Peguero Veronica A. Polnick, 515 Rusk St, Ste 3516 Houston, NEW HAMPSHIRE FOREIGN LIMITED-LIABILITY COMPANY. Notice of Reset Hearing. The new Penney's, called Penney OpCo LLC, is a private company. Kirkland & Ellis LLP is serving as legal adviser, Lazard is serving as financial adviser, and AlixPartners LLP is serving as restructuring adviser to the Company. You may unsubscribe by clicking the Unsubscribe link at the bottom of the email updates you receive. (Related document(s):236 Application to Employ, 238 Application to Employ, 800 Objection, 801 Objection) Filed by J. C. Penney Company, Inc. Notice of Reset Hearing on Motion for Entry of an Order (I) Establishing Procedures for Interim Compensation and Reimbursement of Expenses for Professionals, an Order (I) Setting Bar Dates for Filing Proofs of Claim Including Requests for Payment Under Section 503(b)(9), (II) Establishing Amended Schedules Bar Date and Order (I) Extending Time for Performance of Obligations Arising Under Unexpired Non-Residential Real Property Lees and (II) Granting Related Relief (Related Doc Notice of Disclosure Statement Hearing. Buy items from brands you know . Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. You are viewing the PayPal Community Archives. Notice of Electronic Hearing. The PropCos are expected to complete the Court-supervised restructuring process and emerge from Chapter 11 bankruptcy protection in the first half of 2021. Christopher J. Marcus, P.C. Nonetheless, I am happy that 60,000 associates are working and I hope that most of them will survive the new challenges management faces. Words such as expect and similar expressions identify forward-looking statements. Federal government websites often end in .gov or .mil. On December 7, 2020, Old COPPER Company, Inc. (OTCMKTS: CPPRQ), formerly known as J. C. Penney Company, Inc. (OTCMKTS: JCPNQ), completed the sale of substantially all of its retail and operating assets to Penney OpCo LLC, an entity controlled by Simon Property Group and Brookfield Asset Management, Inc. Penney OpCo LLC is a private company doing business as JCPenney outside of the Chapter 11 bankruptcy process. The FTC never requires people to pay money or provide account information to cash a refund check. OpCo acquired assets include substantially all operating assets and all of the real estate assets other than the PropCo assets. Florida, Spring Hill, Nature Coast Commons, shopping mall, JC Penney, department store. This is exactly the type of investment our Retail Revitalization Program was designed to make and along with our partner Simon we have a successful blueprint in place to deploy our collective operational expertise and industry relationships to transform JCPenney through new innovations and offerings.. 900, Dallas, TX, 75201-3136, USA Directors / Officers. They are pretty nice and some reps can be more helpful than others. (Related document(s):309 Motion for Relief From Stay) Filed by J. C. Penney Direct Marketing Services LLC. The FTC never requires people to pay money or provide account information to cash a refund check. Like the FTC on Facebook, follow us on Twitter, get consumer alerts, read our blogs, and subscribe to press releases for the latest FTC news and resources. Pathlight is pleased to support JCPenney through their emergence and future growth, said Dan Platt, CEO at Pathlight Capital. You will get a different rep. Evening and Night calls - in my experience - are routed to reps OCONUS (outside continental United States) and you can usually tell from cultural accents. Appearances: SEE ATTACHED. For years, the defendants, Billing Services Group (BSG), operated as a phone billing aggregator, passing charges from third parties to telephone companies so that those charges could be placed on consumers landline telephone bills. Today is an exciting day for our company, as we have accomplished our goal of putting JCPenney on a secure path for the future as a private company so that we can continue to serve our loyal customers, said Jill Soltau, CEO of JCPenney. There is a new balance sheet with some debt but the new ownership should bring some stability to the operation and greater assurance to vendors to ship in the traditional way instead of their insistence of pre-payments of shipments. Agenda for Hearing on 6/21/2022 (Filed By J. C. Penney Direct Marketing Services LLC ). Looking for legal documents or records? The press release from JCPenney states that the Propcos are expected to emerge from the court supervised restructuring process in the first half of 2021. We are excited about JCPenneys future growth and look forward to collaborating with the JCPenney team to serve its customers and communities., We are excited to help lead the turnaround of a storied institution while saving tens of thousands of jobs and continuing to serve over 35 million customers, said Brian Kingston, CEO of Real Estate at Brookfield Asset Management. It's never as simple as just endorsing the check and putting it into your bank account. The Court has appro Notice of Hearing. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. (Photo by: Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images), Education Images/Universal Images Group via Getty Images. . In addition, on November 24, 2020, the Court approved the Companys Plan of Reorganization to create separate property holding companies (PropCos) comprising 160 of the Companys real estate assets and all of its owned distribution centers, which will be owned by the Companys DIP and First Lien Lenders. (Related document(s):540 Objection to Claim) Filed by J. C. Penney Direct Marketing Services LLC, Notice of Hearing. If you do not agree with these terms, then do not use our website and/or services. Agenda for Hearing on 7/22/2021 (Filed By J. C. Penney Direct Marketing Services LLC ). The Company has included statements in this press release that may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Kristen Bennett If you have questions concerning the legal notices stated above, you may contact our Designated Agent/J.C. I'm not sure what the process was to submit a claim if you were impacted by Paypal's alleged behavior regarding the credit product, perhaps there was a claim's administrator, I don't know. We are pleased to lead such an important financing for this iconic American retailer, to not only support our long-term client through their reorganization, but also provide Simon Property Group and Brookfield Asset Management the financial flexibility they need as they transition JCPenney into its next phase, said David Marks, head of Wells Fargo Commercial Capital. Opinions expressed by Forbes Contributors are their own. 78401 A check has been made out, to me. 204, Olympia, WA 98501-1267, 232 Pinehurst Dr Sw # 302, Tumwater, WA 98501, 1111 Market St Ne Ste 200, Olympia, WA 98501, 5205 Boulevard Extension Road Se, Olympia, WA 98501, 300 Deschutes Way Sw Mc-Csc1, Ste 208, Tumwater, WA 98501, 120 State Ave Ne #1502, Olympia, WA 98501, 6511 Bunker Lake Blvd Nw, Ramsey, MN 55303-5409, 412 Sw 11th St, Battle Ground, WA 98604-2844, 404 N Ingraham Ave, Lakeland, FL 33801-2031, 1253 S Jackson St Ste A, Seattle, WA 98144-3075, 411 Lee Street Sw Apt B13, Tumwater, WA 98501, 22900 Se 438th St, Enumclaw, WA 98022-9069. All suggestions are based on my education, experience, and interactions in matters of finance over the years. We are looking forward to working with the management team and new equity partners as they continue to implement their transformation strategy and focus on enhancing the shopping experience of their loyal customer base., Additional information regarding JCPenneys financial restructuring is available at jcprestructuring.com. I cover major developments in the retail industry. However, in the pandemic environment I doubt that there are many takers. On December 7, 2020, Old COPPER Company, Inc. (OTCMKTS: CPPRQ), formerly known as J. C. Penney Company, Inc. (OTCMKTS: JCPNQ), completed the sale of substantially all of its retail and operating assets to Penney OpCo LLC, an entity controlled by Simon Property Group and Brookfield Asset Management, Inc. Penney OpCo LLC is a private company doing Does OpCo pay for leases now? Create a recurring email based on criteria you specify below. The defendants admitted that they did not vet the charges before processing them and did not investigate consumer complaints about unauthorized charges. During this process, JCPenney will continue to be one of the nations largest apparel and home retailers with an expansive footprint of hundreds of stores across the U.S. and Puerto Rico and a powerful eCommerce site, jcp.com. On March 31, 2022, the buyer will pay JCP 20% of the difference of (i) average net merchandise accounts payable in fiscal 2021 and (ii) net merchandise accounts payable at closing of the sale transaction; On March 31, 2023, the buyer will pay JCP 20% of the difference of (i) average net merchandise accounts payable in fiscal 2022 and (ii) average net merchandise accounts payable in fiscal 2021; The payment is limited to the less of (i) the amount due or (ii) the amount that would cause JCPs average LTM liquidity to fall below $500 million; and. On May 15, 2020, JCPenney announced that it has entered into a restructuring support agreement (the RSA) with lenders holding approximately 70% of JCPenneys first lien debt to reduce the Companys outstanding indebtedness and strengthen its financial position. (Related document(s):2732 Generic Motion, 3025 Objection) Filed by OpCo Purchaser. Find the resources you need to understand how consumer protection law impacts your business. The chart below includes recent FTC cases that resulted in refunds. Or, perhaps you sold something to someone and they used Paypal to send an e-check? PENNEY OPCO LLC is a business entity in Lewisville, Texas registered with the Secretary of State of Washington State. Shop the best deals on dresses, shoes, jewelry, and much more with JCPenney. That is great. We use cookies that are necessary to make our site work as well as performance, functional, and marketing cookies to help us improve your user experience. 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