Mall owner CBL says it’s in forbearance over skipped interest payment

Mall owner CBL says it’s in forbearance over skipped interest payment

CoolSprings Galleria Mall, Franklin, TN Source: CBL Properties Mall owner CBL & Associates said Wednesday it has entered into a forbearance agreement with its lenders over a missed interest payment.  With bills piling up and many of its retail tenants opting to not pay rent during the coronavirus pandemic, CBL did not make an $11.8 […]
JC Penney makes $17 million interest payment as it explores bankruptcy

JC Penney makes $17 million interest payment as it explores bankruptcy

An empty parking lot is seen outside a closed JC Penney Co. store in Mt. Juliet, Tennessee, U.S., on Thursday, April 16, 2020. Luke Sharrett | Bloomberg | Getty Images J.C. Penney said Friday that it has made the approximately $17 million interest payment that was due...
JC Penney says it skipped a $12 million interest payment

JC Penney says it skipped a $12 million interest payment

Pedestrians pass a JC Penney store in New York. Scott Mlyn | CNBC J.C. Penney said Wednesday that it has chosen not to make a roughly $12 million interest payment due on April 15, as the coronavirus pandemic takes a toll on its business. It is entering into the 30-day...