Internet Explorer presents a security risk. Agenda for Hearing on 12/7/2022 (Filed By J. C. Penney Direct Marketing Services LLC ). Courtroom Minutes. Overview. 1999-2023 PayPal, Inc. All rights reserved. PENNEY OPCO LLC. Paypal won't permit me (the system has already autorejected my post twice) to reveal the phone number. Objection to Claim Number by Claimant The Wind-Down Debtors' Fifty-Eighth Omnibus Objection to Certain Proofs of Claim (Duplicate Claims) Hearing scheduled for Notice of Reset of Hearing. (Related document(s):2387 Generic Motion, 2538 Objection to Claim) Filed by J. C. Penney Company, Inc. Notice of Reset of Lift Stay Hearing. With the assistance of ABG (Authentic Brands Group) the company can open their stores and soon will show new brands that ABG owns. Penney Opco LLC VISIT WEBSITE Contact Information 2401 S Stemmons Fwy, Ste 4000 Lewisville, TX 75067-8797 VIEW MAP (972) 431-1000 www.jcpenney.com Company Details Location Type: Headquarters Industry: Department Stores Ownership: Private Year Founded: 1902 PENNEY OPCO LLC is a business entity in Lewisville, Texas registered with the Secretary of State of Washington State. 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. (972) 431-3400 or jcpnews@jcp.com; Follow us @jcpnews, Meaghan Repko / Jed Repko / Dan Moore Throughout the 2020 holiday season and beyond, we remain focused on implementing our Plan for Renewal to Offer Compelling Merchandise, Drive Traffic, Deliver an Engaging Experience, Fuel Growth and Build a Results-Minded Culture., We have always been firm believers in JCPenney, and are very pleased to help preserve this iconic institution and save tens of thousands of jobs, said David Simon, chairman, CEO and president of Simon Property Group. 2022-11-17. Learn more about your rights as a consumer and how to spot and avoid scams. 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. An official website of the United States government. Paul, Weiss, Rifkind, Wharton & Garrison LLP is serving as legal counsel and BRG Capital Advisors, LLC is serving as financial adviser to Simon and Brookfield. Weekly highlights from our global intel and expert analysis. Is there a lease fund? VS PENNEY OPCO LLC. Or, perhaps you sold something to someone and they used Paypal to send an e-check? 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. Pathlight is pleased to support JCPenney through their emergence and future growth, said Dan Platt, CEO at Pathlight Capital. Click on "Submit a Claim" above to download a proof of claim form and for more information regarding filing a claim against the Debtors. Kroll Restructuring Administration (formerly known as Prime Clerk) collects your email for the sole purpose of sending you updates on the docket activity for the case you select at the frequency and for the duration that you designate. BRADLEY SYVERSON, vp-real estate; C T Corporation System, agent; PRIME CLERK IS NOW KROLL RESTRUCTURING ADMINISTRATION. Create a recurring email based on criteria you specify below. Check your browser settings or contact your network administrator. (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. Not much has changed for investors who hold JCP stock, though, because the news wasn't a surprise and the stock price had already withered to mere pennies. 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. In the lower left corner, there is more info: Bank of America, N.A., Atlanta, Dekalb County, GA . Media Relations: 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. The FTC never requires people to pay money or provide account information to cash a refund check. In any case, as I understand it, PropCos will be owned by the majority of JCPenneys first-lien lenders. (Related document(s):538 Generic Motion) Filed by J. C. Penney Direct Marketing Services LLC. The .gov means its official. Suite 4000. That's a red flag. Looking for legal documents or records? With this closing, our operating company has exited Chapter 11 and is continuing under new ownership and the JCPenney banner. It's never as simple as just endorsing the check and putting it into your bank account. Kristen Bennett 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.. PLANO, Texas--(BUSINESS WIRE)--JCPenney today announced that it has completed its previously announced sale, under which Simon Property Group (Simon) and Brookfield Asset Management, Inc. (Brookfield) have acquired substantially all of JCPenneys retail and operating assets (OpCo). Login to our enhanced client management system. (Related document(s):628 Emergency Motion) Filed by J. C. Penney Direct Marketing Services LLC. (Photo by: Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images), Education Images/Universal Images Group via Getty Images. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. The Declarations filed at 10, 25 and 39 have been admitted. Agreed Notice of Reset of Hearing with Respect to Claim No. 78401 OpCo acquired assets include substantially all operating assets and all of the real estate assets other than the PropCo assets. The FTC will be sending 86,752 checks averaging about $56 each. Wells Fargo CPI Class Action Settlement. That's all I can say since my post is getting flagged for this reason. Follow the Phone prompts as punching 0 doesn't work and the system can hang up on you if you try too many times. Court filings and information about the claims process are available at cases.primeclerk.com/JCPenney, by calling the Companys claims agent, Prime Clerk, toll-free at 877-720-6576, or by sending an email to JCPenneyinfo@primeclerk.com. Not sure as I know nothing about e-checks, but its not implausible, so I offer it as a potential possibility. The release further states that the. Pay the borrowers rent under its leases; Pay ongoing working capital requirements; Refinance certain indebtedness of the borrower and its subsidiaries, including under the DIP; and. The PropCos are expected to complete the Court-supervised restructuring process and emerge from Chapter 11 bankruptcy protection in the first half of 2021. JCPenney is now poised for a future focused on innovation and consumers, while continuing to navigate through the pandemic. 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. MARCELL ALLEN, JR., ET AL. In the lower left corner, there is more info: Bank of America, N.A., Atlanta, Dekalb County, GA. Why is this public record being published online? My concern that customers do not want to shop in stores due to the strong resurgence of the coronavirus COVID-19, which was borne out by the lack of customers in stores nationally. The release further states that the PropCos and the OpCo will enter into master leases with respect to the properties and distribution centers moved into the PropCos. A check has been made out, to me. Theresa M. Traber in Department 47 Stanley Mosk Courthouse, Los Angeles County Superior Courts | Labor | NEW HAMPSHIRE FOREIGN LIMITED-LIABILITY COMPANY. For additional information, please visit jcp.com. Knitting / Apparel Sponsored by OEKO-TEX, Techtextil North America/Texprocess Americas. If you do not agree with these terms, then do not use our website and/or services. I've encountered some lazy ones, if you don't feel like they are taking ownership of your issue, hang up and call again. JCPenney has received commitments for $900 million in debtor-in-possession (DIP) financing from its existing first lien lenders, which includes $450 million of new money. iPhone. See terms and conditions for details. With the completion of the sale, JCPenney has access to approximately $1.5 billion of new financing. The information shared above about the question, TOP 10 why did i get a penney opco llc refund check BEST and NEWEST, TOP 8 why did i get a paypal security code text BEST and NEWEST, TOP 9 why did i get a one-time payment from social security BEST and NEWEST, TOP 9 why did i get a notice 1450 from the irs BEST and NEWEST, TOP 10 why did i get a new ebt card BEST and NEWEST, TOP 9 why did i get a letter from the rawlings company BEST and NEWEST, TOP 9 why did i get a find my iphone alert BEST and NEWEST, TOP 9 why did i get a fever out of nowhere BEST and NEWEST. Filed by J. C. Penney Direct Marketing Services LLC, Notice of Reset Hearing Time. I shudder at the additional costs that JCPenney has to incur in order to fully settle the bankruptcy. 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. The Company does not undertake to update these forward-looking statements as of any future date. This includes a new ABL Facility, which was led by Wells Fargo, and the recently funded FILO Facility, on which Pathlight Capital (Pathlight) is serving as the FILO Agent. Or . There's always some reason that you have to give a certain amount of the payment back to person or company issuing the check. 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. Opinions expressed by Forbes Contributors are their own. We work to advance government policies that protect consumers and promote competition. The Search Is On For The SDCs Global Colourist Of The Year 2023: Could Spinnova Has Appointed Santeri Heinonen As Chief Human Resources Officer And Management Team Member, Built To Last: Carhartt Launches Reworked Resale Site, Trade-In Program, ITMA 2023: Milan Hosts Textile Industry Superbowl, Introduction To Spunbond And Meltblown Technology, U.S. Industrial and Narrow Fabrics Institute Advocacy Days. 39 have been admitted the majority of JCPenneys first-lien lenders closing, our operating company exited. 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