J.C. Penney Co. did not make an interest payment due yesterday, another sign the company could be headed for bankruptcy, Bloomberg News reported. The retailer said in a filing that it wouldn’t make a $17 million payment due on a term loan, triggering a five-day grace period. The company said that it is evaluating strategic alternatives. It is the second debt payment J.C. Penney has skipped in the past month. The retailer has been searching for assets to back a loan that would finance a potential bankruptcy. The grace period on the previous missed payment runs out on May 15.
