J. C. Penney Company, Inc. announced that it has completed the refinancing of its $2.35 billion senior secured asset-based revolving credit facility. The amended and restated facility provides improved pricing terms and extends the maturity from 2019 to 2022. The revolving line of credit will remain available for seasonal working capital needs and general corporate purposes. "As part of our ongoing pursuit to further strengthen the Company's financial position, we're pleased to close on the refinancing of our revolving credit facility, providing us enhanced terms and continued fiscal flexibility," said Marvin R. Ellison, chairman and chief executive officer of JCPenney. "We thank our banking partners for their ongoing support and confidence."
SIMPLY YOU will offer 40+ women inspirational REAL-life stories and practical tips for self-improvement.
The team behind Bauer Media’s best-selling real-life magazines Take a Break and that’s life are to launch a new title.
Simply You, on sale on 3 May, will feature a unique mix of inspirational and engaging real-life stories, practical advice, cost-saving tips, health advice and high-street buys.
Initially, Simply You will be published monthly from May as part of a three-month trial to establish the title in the marketplace.
Created by launch editor Sophie Hearsey, Claire McAteer and the team behind the ever popular Take a Break and that’s life magazines, Simply You carries the strap line ‘Real women, real results’ and encourages readers to explore how to be the best version of themselves.
Readers can look forward to:
•Real-life stories from women who have changed their lives and as a result are happier and more confident
•Practical ideas about diet and food choices that fit in with busy work and family lives
•Clever ways to socialise whilst keeping off the pounds
•Health features and advice on mind and body
•Expert fashion and beauty tips to help inspire confidence
Commenting on the launch, Liz Watkinson, Managing Director of Bauer Media’s TV Listings & Real Life portfolio said: “The idea of a magazine using real-life stories to help, support, encourage women to fulfil their goals was seen as differentiating, relevant and appealing to the readers we spoke to. Executed with the inclusiveness, empathy and realism that our titles are well known for, this magazine delivers a both informative and entertaining package which will guide our readers towards being the best version of themselves.”
Priced at £1.90, the 76-page magazine will target a mass market audience of 40+ women and will be displayed in newsagents and supermarkets, alongside other titles in the Real Life and Classic market.
The launch will be supported with an in-house advertising campaign across the Bauer Media portfolio alongside targeted radio advertising on Bauer Media’s Bauer City Network (BCN) stations.