Restructuring Information

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. All retail operations of Old COPPER Company, Inc. ended effective with the sale of its operating assets.

Old COPPER Company, Inc. completed the Chapter 11 bankruptcy process on January 30, 2021, when the Plan of Reorganization was declared effective. Pursuant to the Plan of Reorganization, the common stock of Old COPPER Company, Inc. (f/k/a J. C. Penney Company, Inc.) was cancelled on the Effective Date. The common stock (JCPNQ/CPPRQ) is no longer in existence and is not traded or quoted on any market or exchange.

Information and Resources

Frequently Asked Questions

Vendor Partners

Pension Plan Participants

Important Tax Information for Debtholders

IRS Notices

Press Releases

12/07/2020

JCPenney's Retail and Operating Assets to Exit Chapter 11

11/25/2020

JCPenney Restructuring Plan to Create PropCos Confirmed by Court

11/09/2020

JCPenney Receives Court Approval for Asset Purchase Agreement with Brookfield, Simon and First Lien Lenders

10/28/2020

JCPenney Signs Asset Purchase Agreement with Brookfield, Simon and First Lien Lenders, Charting Course for the Future

10/20/2020

JCPenney Files Draft Asset Purchase Agreement

09/09/2020

JCPenney Reaches Agreement in Principle with Brookfield Property Group and Simon Property Group to Acquire Retail and Operating Assets

07/15/2020

JCPenney Announces Organizational Restructuring

06/17/2020

Store Closing Sales are Now Underway at Select JCPenney Stores

06/04/2020

JCPenney Provides Update on Store Optimization Strategy

Store Closings

06/04/2020

JCPenney Receives Court Authorization to Access Debtor-In-Possession Financing

05/16/2020

JCPenney Receives Court Approval of “First Day” Motions to Support Business Operations

05/15/2020

JCPenney to Reduce Debt and Strengthen Financial Position Through Restructuring Support Agreement