Reuters offers in-depth look at J.C. Penney’s debt haunting its turnaround bid

Reuters revealed that a big portion of J.C. Penney’s looming debt was the legacy of a loan tapped years ago after Penney replaced a former CEO. The report comes after Reuters exclusively reported that J.C. Penney had hired advisers to explore a debt restructuring that would buy more time for the money-losing U.S. retailer to forge a turnaround.