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J.C. Penney increases its senior notes tender cap

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.