J.C. Penney closes debt sale to fund pensions

clock

US - Retailer J.C. Penney has closed a US$400m debt offering, most of which will be used to make a voluntary cash contribution to its pension plan.

The company said yesterday it plans to funnel $392m into its qualified pension plan. "This contribution further strengthens the plan's funded status and is consistent with the company's objectiv...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Industry bodies welcome DWP's consultation on surplus flexibilities

Industry bodies welcome DWP's consultation on surplus flexibilities

Industry experts say guidance on surplus flexibilities must ‘strike the right balance’

Martin Richmond
clock 27 August 2026 • 6 min read
Most DB schemes keeping surplus options open, research finds

Most DB schemes keeping surplus options open, research finds

Aon finds 76% of schemes intending to run on have not agreed how to share surplus

Martin Richmond
clock 26 August 2026 • 4 min read
Most believe professional trustee role needs to 'evolve'

Most believe professional trustee role needs to 'evolve'

LCP says professional trustees are entering a ‘new phase’ of the DB market

Martin Richmond
clock 25 August 2026 • 3 min read
Trustpilot