J.C. Penney Co. Inc.'s subsidiary J.C. Penney Corp. Inc. increased the tender cap for its previously announced private offering of senior notes due in 2019 and 2020, according to a March 22 release.
For its 8.125% senior notes due 2019, the cap was raised to $125 million from $95 million. The company also raised its tender cap for the 5.65% senior notes due 2020 to $250 million from $225 million.
