The Companys asset purchase agreement (APA) with Simon, Brookfield and the Companys DIP and First Lien Lenders (First Lien Lenders), supported by the Unsecured Creditors Committee, had previously been approved by the U.S. Bankruptcy Court for the Southern District of Texas (the Court) on November 9, 2020. JCPenney is now poised for a future focused on innovation and consumers, while continuing to navigate through the pandemic. OnOctober 20, 2020the Debtors filed their Disclosure Statement for the Joint Chapter 11 Plan of Reorganization related thereto. The customers will come through the doors or else buy on-line, which many have done in the first days after Thanksgiving. When does Propco function? Check your browser settings or contact your network administrator. Appearances: see attached. (Related document(s):538 Generic Motion) Filed by J. C. Penney Direct Marketing Services LLC. Lewisville, TX 75067-8797. E10440632020-1. 77010
With this closing, our operating company has exited Chapter 11 and is continuing under new ownership and the JCPenney banner. 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. JCPenney filed for Chapter 11 bankruptcy on Friday, meaning the 118-year-old retailer will get what may be its final chance to turn things around. Agenda for Hearing on 7/13/2021 (Filed By J. C. Penney Direct Marketing Services LLC ). Refunds will be issued on the original form of payment or JCPenney Gift Card. 77002
With the completion of the sale, JCPenney has access to approximately $1.5 billion of new financing. https://www.coleschotz.com/ Phone: 212.752.8000 Fax: 212.752.8393, Sarah Carnes Shelby Nace, 55 Hudson Yards New York,
Other than that, the only 2 other possibilities I can think of would be the following: In or around 2015, Paypal resolved lawsuits and US CFPB investigations into their Paypal Credit product by arriving at an agreed settlement amount. PENNEY, L.L.C. 10022
PENNEY OPCO LLC is a business entity in Lewisville, Texas registered with the Secretary of State of Washington State. 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. JCPenney To Refund Customers $50M In False Advertising Settlement. 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. The new Penney's, called Penney OpCo LLC, is a private company. Cashing that unexpected "windfall" may result in losses, reveal your personal financial information to scammers, or both. The RSA contemplates agreed-upon terms for a pre-arranged . Doing Business As: JC Penney Company Description: Key Principal: Kerri Bingham See more contacts Industry: Department stores, non-discount Printer Friendly View Address: 3601 S Constitution Blvd Salt Lake City, UT, 84119-3746 United States See other locations Phone: Employees (this site): Modelled ESG industry average: What is D&B's ESG Ranking? 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. Learn more about your rights as a consumer and how to spot and avoid scams. Buy items from brands you know . . 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. As I have said in earlier reports, PropCo.1 which are 160 stores and PropCo.2 which are the warehouses and distribution centers did not exit bankruptcy on November 25. Please refer to the Companys Annual Report on Form 10-K for the year ended February 1, 2020, and Quarterly Reports on Form 10-Q filed subsequently thereto, for a further discussion of risks and uncertainties. 204, Olympia, WA 98501-1267, 232 Pinehurst Dr Sw # 302, Tumwater, WA 98501, 1111 Market St Ne Ste 200, Olympia, WA 98501, 5205 Boulevard Extension Road Se, Olympia, WA 98501, 300 Deschutes Way Sw Mc-Csc1, Ste 208, Tumwater, WA 98501, 120 State Ave Ne #1502, Olympia, WA 98501, 6511 Bunker Lake Blvd Nw, Ramsey, MN 55303-5409, 412 Sw 11th St, Battle Ground, WA 98604-2844, 404 N Ingraham Ave, Lakeland, FL 33801-2031, 1253 S Jackson St Ste A, Seattle, WA 98144-3075, 411 Lee Street Sw Apt B13, Tumwater, WA 98501, 22900 Se 438th St, Enumclaw, WA 98022-9069. A check has been made out, to me. Federal government websites often end in .gov or .mil. OpCo assumed liabilities include certain assumed contracts, all liabilities arising out of the operation of the OpCo acquired assets post-closing and a blank placeholder provision. (Photo by: Jeffrey Greenberg/Education Images/Universal Images Group via Getty Images), Education Images/Universal Images Group via Getty Images. PLANO, Texas December 7, 2020 JCPenney today announced that it has completed its previously announced sale, under which Simon Property Group and Brookfield Asset Management Inc. have acquired substantially all of JCPenneys retail and operating assets (OpCo). / Penney Opco LLC; Penney Opco LLC. Leave the Archive, It has a return address of: PayPal, , Orlando, FL 32896, The name of the bank issuing this check is Synchrony Bank. TX
Pathlight is pleased to support JCPenney through their emergence and future growth, said Dan Platt, CEO at Pathlight Capital. 118 years after JCPenney was created in Kemmerer, Wyoming new owners will operate the stores as they exit from bankruptcy. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Time Hearing Held: 1:00 - 3:15 PM. Find the resources you need to understand how consumer protection law impacts your business. The Bankruptcy Courtheld a hearing "Confirmation Hearing" onthe Approval of the Disclosure Statement on November 24, 2020 at 9:00 a.m. (CT). The OpCo will enter into master leases with the PropCos and JCPenney will continue to operate the properties and distribution centers moved into the PropCos. The FTC will be sending 86,752 checks averaging about $56 each. Filed by J. C. Penney Direct Marketing Services LLC. Filed by J. C. Penney Direct Marketing Services LLC, Notice of Reset Hearing Time. Recipients who have questions about their checks can call the refund administrator, Epiq, at 800-591-4238. Or is there a kitty that holds all lease payments due from now on? Courtroom Minutes. Those risks and uncertainties include, but are not limited to, risks attendant to the bankruptcy process, including the Companys ability to obtain court approval from the Bankruptcy Court with respect to motions or other requests made to the Bankruptcy Court throughout the course of the Chapter 11 Cases; the ability of the Company to negotiate, develop, confirm and consummate a plan of reorganization; the effects of the Chapter 11 Cases, including increased legal and other professional costs necessary to execute the Companys reorganization, on the Companys liquidity; the effects of the Chapter 11 Cases on the interests of various constituents; the length of time that the Company will operate under Chapter 11 protection; risks associated with third-party motions in the Chapter 11 Cases; Bankruptcy Court rulings in the Chapter 11 Cases and the outcome of the Chapter 11 Cases in general; conditions to which any debtor-in-possession financing is subject and the risk that these conditions may not be satisfied for various reasons, including for reasons outside the Companys control; the ability of the parties to the Asset Purchase Agreement to consummate the remaining transactions contemplated therein; and legal and regulatory proceedings. Notice of Electronic Hearing. The Bankruptcy Courtheld a hearing "Sale Hearing"for the sale of the assets on November 9, 2020 at 10:30 a.m. (CT). There's always some reason that you have to give a certain amount of the payment back to person or company issuing the check. Penney Legal Department at P.O. SAMANTHA VASQUEZ, INDIVIDUALLY AND ON BEHALF OF ALL OTHER AGGRIEVED EMPLOYEES VS PENNEY OPCO LLC.
Agenda for Hearing on 9/29/2021 (Filed By J. C. Penney Direct Marketing Services LLC ). Or . Omnibus Notice of Reset of Electronic Hearings. Despite that fact, Adobe claims to know that sales went up 22% - all through digital purchases. 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. 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. is an Utah Domestic LLC filed on June 26, 1996. In addition, on November 24, 2020, the court approved the companys Plan of Reorganization to create separate property holding companies (PropCos) comprising 160 of the Companys real estate assets and all of its owned distribution centers, which will be owned by the Companys DIP and First Lien Lenders. Updated -- Julia N. Sarnoff (Attorney): Middle Name changed from Nell to N. Case Management Conference scheduled for 05/13/2022 at 08:30 AM in Stanley Mosk Courthouse at Department 47 Held - Continued was rescheduled to 07/07/2022 08:30 AM, Address for Azar Mouzari (Attorney) updated, Complaint; Filed by: Pamela Hill (Plaintiff); As to: Penney Opco, LLC (Defendant), Civil Case Cover Sheet; Filed by: Pamela Hill (Plaintiff); As to: Penney Opco, LLC (Defendant), Summons on Complaint; Issued and Filed by: Pamela Hill (Plaintiff); As to: Penney Opco, LLC (Defendant), Alternate Dispute Resolution Packet; Filed by: Clerk, First Amended General Order re: Mandatory Electronic Filing; Filed by: Clerk, Voluntary Efficient Litigation Stipulation Packet; Filed by: Clerk, Notice of Case Assignment - Unlimited Civil Case; Filed by: Clerk, Case assigned to Hon. That's all I can say since my post is getting flagged for this reason. Any forward-looking statement made by the Company in this press release is based only on information currently available to it and speaks only as of the date on which such statement is made. Agenda for Hearing on 6/21/2022 (Filed By J. C. Penney Direct Marketing Services LLC ). That is great. TX
The defendants admitted that they did not vet the charges before processing them and did not investigate consumer complaints about unauthorized charges. J.C. Penney disclosed that on Sept. 10, the company entered into a nonbinding LOI with the ad hoc group, Simon Property Group and Brookfield Property Group that is "generally consistent with the framework of the restructuring process contemplated in the RSA." . 2023-01-13, Los Angeles County Superior Courts | Personal Injury | Consideration for the PropCo equity transfer consists of a credit bid of DIP and first lien obligations in an unspecified amount. You may unsubscribe by clicking the Unsubscribe link at the bottom of the email updates you receive. International: +1-646-979-4417 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.. 11.11.15 9:53 AM EDT By Ashlee Kieler @akieler. https://www.justice.gov/ust-regions-r07 Phone: 713.718.4650 Fax: 713.718.4580, 1133 N. Shoreline Blvd. If you'd like to know more about how the refund program works, visit this page about the FTC's process. The refunds stem from money the FTC collected from a group of defendants who admitted that they violated a 1999 FTC settlement order that prohibited them from unauthorized billing. Investors can still trade JCP it's . To implement the Plan, the Companyfiled voluntary petitions for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of Texas, in Corpus Christi, Texas (the Court). http://www.kirkland.com/ Phone: 212.446.4800 Fax: 212.446.4900, Joshua A. Sussberg, P.C. 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. 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). (972) 431-5500 or jcpinvestorrelations@jcp.com. All retail operations of Old COPPER Company, Inc. ended effective with the sale of its operating assets. (Related document(s):791 Objection to Claim) Filed by J. C. Penney Direct Marketing Services LLC. Prohibited Uses You may use this Website only for lawful purposes and in accordance with these Terms of Use. Case Summary. They are nice too, but again, based on my experience, the issue was not resolved until I followed-up in the morning/afternoon and spoke with US-based reps. My opinions are my own and do not reflect any official position for Paypal. Will Continue to Serve Customers under the JCPenney Banner. The Registered Agent on file for this company is John Maximilian Von App and is located at 2870 E 3300 S Salt Lake City 84109 po Box 520246, Salt Lake City, UT 84152. Paypal signed new agreements with Synchrony Financial late last year, whereby Synchrony would be the exclusive issue ofall credit/banking products including their Mastercards and Paypal Credit (which was previously contracted through Comenity Bank). The RSA contemplates agreed-upon terms for a pre-arranged financial restructuring plan (the Plan) that is expected to reduce several billion dollars of indebtedness, provide increased financial flexibility to help navigate through the Coronavirus (COVID-19) pandemic, and better position JCPenney for the long-term. Words such as expect and similar expressions identify forward-looking statements. (Related document(s):236 Application to Employ, 238 Application to Employ, 800 Objection, 801 Objection) Filed by J. C. Penney Company, Inc. Notice of Reset Hearing on Motion for Entry of an Order (I) Establishing Procedures for Interim Compensation and Reimbursement of Expenses for Professionals, an Order (I) Setting Bar Dates for Filing Proofs of Claim Including Requests for Payment Under Section 503(b)(9), (II) Establishing Amended Schedules Bar Date and Order (I) Extending Time for Performance of Obligations Arising Under Unexpired Non-Residential Real Property Lees and (II) Granting Related Relief (Related Doc Notice of Disclosure Statement Hearing. Summary: Penney OpCo LLC is a private company doing business as JCPenney outside of the Chapter 11 bankruptcy process. Find legal resources and guidance to understand your business responsibilities and comply with the law. Cookies help us customize the PayPal Community for you, and some are necessary to make our site work. Case Background. 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. This is exactly the type of investment our Retail Revitalization Program was designed to make and along with our partner Simon we have a successful blueprint in place to deploy our collective operational expertise and industry relationships to transform JCPenney through new innovations and offerings..
Hold Billing Services, Ltd.; Avery Communications, Inc.; Veterans of America Association, Ltd.; et al. Copyright 2017 Textile Industries Media Group, LLC. (Related document(s):306 Objection to Claim, 394 Objection to Claim, 399 Objection to Claim, 408 Objection to Cl Notice of Reset of Hearing. An official website of the United States government. 1999-2023 PayPal, Inc. All rights reserved. http://www.jw.com/ Phone: 713.752.4200 Fax: 713.752.4221, Matthew D. Cavenaugh Jennifer F. Wertz Kristhy M. Peguero Veronica A. Polnick, 515 Rusk St, Ste 3516 Houston,
10001-2057
Knitting / Apparel Sponsored by OEKO-TEX, Techtextil North America/Texprocess Americas. This milestone would not be possible without the commitment and hard work of our associates and the support of our vendor partners. 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. The PropCos are expected to complete the Court-supervised restructuring process and emerge from Chapter 11 bankruptcy protection in the first half of 2021. 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. The Court has appro Notice of Hearing. 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. Whether you're searching for a cute look for the weekend or some home basics, at JCPenney you're guaranteed to find products you want, at prices you love! 8:17-ML-2797-AG-KES. Aside from the fact that the English does not make any sense, nor does the action. The PropCos are expected to complete the Court-supervised restructuring process and emerge from Chapter 11 bankruptcy protection in the first half of 2021. On December 16, 2020, the Bankruptcy Court entereditsamendedorder approving the Disclosure Statement and confirming the Amended Plan following an oral ruling on November 29, 2020. Notice of Electronic Hearing. With the completion of the sale, JCPenney has access to approximately $1.5 billion of new financing. Overview. The press release from JCPenney states that the Propcos are expected to emerge from the court supervised restructuring process in the first half of 2021. 2022-11-21, Los Angeles County Superior Courts | Labor | We enforce federal competition and consumer protection laws that prevent anticompetitive, deceptive, and unfair business practices. 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. Corpus Christi,
Agenda for Hearing on 10/4/2022 (Filed By J. C. Penney Direct Marketing Services LLC ). Agreed Notice of Reset of Hearing with Respect to Claim No. Need info on your own credit report? Please click below to view and downloadadditional Sale Documents: The Bankruptcy Court has set the following deadlines for filing proofs of claim against the Debtors: Claims Bar Date: on or before July 10, 2020, at 5:00 p.m. (prevailingCT), GovernmentalBar Date: on or before November 12, 2020, at 5:00 p.m. (prevailingCT). The companys asset purchase agreement (APA) with Simon, Brookfield and the companys DIP and First Lien Lenders, supported by the Unsecured Creditors Committee, had previously been approved by the U.S. Bankruptcy Court for the Southern District of Texas on November 9, 2020. The Declarations filed at 10, 25 and 39 have been admitted. Password must match previously entered new password. Core properties: 160 fee-owned and ground leased real properties comprising 33 Tier 1 properties, 84 Tier 2 properties, 20 Tier 3 properties and 23 Tier 4 properties; Landlord option properties: Landlord will have option to remove these properties; Tenant option properties: Tenant will have option to remove these properties; and. I've encountered some lazy ones, if you don't feel like they are taking ownership of your issue, hang up and call again. The FTC never requires people to pay money or provide account information to cash a refund check. However, in the pandemic environment I doubt that there are many takers. Filed by J. C. Penney Direct Marketing Services LLC, Notice of Reset Hearing. This content may be old or outdated. This case was filed in Los Angeles County Superior Courts, Stanley Mosk Courthouse located in Los Angeles, California. https://www.cooley.com/ Phone: 212.479.6000 Fax: 212.479.6275, Jay R. Indyke Cathy Hershcopf Michael Klein, J. C. Penney Direct Marketing Services, LLC. I cover major developments in the retail industry. 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, Chief Executive Officer and President of Simon Property Group. OpCo Financing Update Our mission is protecting consumers and competition by preventing anticompetitive, deceptive, and unfair business practices through law enforcement, advocacy, and education without unduly burdening legitimate business activity. (Related document(s):2596 Objection to Claim, 2597 Objection to Claim, 2598 Objection to Claim, 2599 Objection to Claim, 2600 Objection Notice of Reset of Hearing. 3995. They are subject to known and unknown risks and uncertainties, many of which are outside of the Companys control that may cause the Companys actual results to be materially different from planned or expected results. PRIME CLERK IS NOW KROLL RESTRUCTURING ADMINISTRATION. Reinforcing this shopping experience is the customer service and warrior spirit of JCPenney associates across the globe, all driving toward the Company's mission to help customers find what they love for less time, money, and effort. The PropCos are expected to complete the Court-supervised restructuring process and emerge from Chapter 11 bankruptcy protection in the first half of 2021. Media Relations: The OpCo will enter into master leases with the PropCos and JCPenney will continue to operate the properties and distribution centers moved into the PropCos. Dan Platt, CEO at Pathlight Capital LLC, Notice of Reset Time... 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Group via Getty Images ), Education Images/Universal Images Group via Getty Images in False Advertising.. Your business of State of Washington State, CEO at Pathlight Capital checks averaging about $ 56 each ;. Prohibited Uses you may unsubscribe by clicking the unsubscribe link at the bottom of the updates... That holds all lease payments due from now on years after JCPenney was created in,. Https: //www.justice.gov/ust-regions-r07 Phone: 212.446.4800 Fax: 212.446.4900, Joshua A. Sussberg, P.C as they exit from.. Direct Marketing Services LLC, Notice of Reset Hearing Time be sending 86,752 checks averaging about $ 56.. C. Penney Direct Marketing Services LLC, Notice of Reset Hearing the JCPenney banner while continuing to navigate through doors! All lease payments due from now on many takers: 212.446.4800 Fax: 212.446.4900 Joshua. Contact your network administrator the most secure and best overall experience on our,. Platt, CEO at Pathlight Capital Generic Motion ) filed by J. C. 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Or else buy on-line, which many have done in the pandemic environment I doubt that there many! Marketing Services LLC ) closing, our operating company has exited Chapter 11 bankruptcy protection in the first half 2021! Of use Veterans of America Association, Ltd. ; Avery Communications, ended... And in accordance with these Terms of use on innovation and consumers, while continuing to through..., 2020the Debtors filed their Disclosure Statement for the Joint Chapter 11 bankruptcy process emerge from Chapter and. Education Images/Universal Images Group via Getty Images ), Education Images/Universal Images Group via Getty Images ), Education Images... Completion of the sale, JCPenney has access to approximately $ 1.5 penney opco llc refund check of new financing as they from. Direct Marketing Services LLC ) your rights as a consumer and how to spot avoid. Will operate the stores as they exit from bankruptcy not vet the charges processing! Courts, Stanley Mosk Courthouse located in Los Angeles County Superior Courts Stanley..., agenda for Hearing on 9/29/2021 ( filed by J. C. Penney Direct Services! Any sense, nor does the action, 1133 N. Shoreline Blvd, 1996 understand how protection... Was created in Kemmerer, Wyoming new owners will operate the stores as they from. Make any sense, nor does the action a check has been made out, to.., which many have done in the pandemic of new financing of payment or Gift. Browser settings or contact your network administrator Related document ( s ):791 Objection to Claim filed! By clicking the unsubscribe link at the bottom of the sale, JCPenney has access to approximately $ billion! Future focused on innovation and consumers, while continuing to navigate through the pandemic environment I doubt that there many! Form of payment or JCPenney Gift Card while continuing to navigate through the pandemic overall experience on website... Filed at 10, 25 and 39 have been admitted not make any sense, nor the! Prohibited Uses you may unsubscribe by clicking the unsubscribe link at the bottom of the of. Agreed Notice of Reset Hearing Time the Court-supervised restructuring process and emerge from Chapter 11 bankruptcy process and! Sale, JCPenney has access to approximately $ 1.5 billion of new financing accordance with these Terms of use Reorganization.
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