J.C. Penney is at an advanced stage of discussions with Wells Fargo &amp; Co. $WFC, Bank of America Corp. $BAC and JPMorgan Chase &amp; Co. $JPM to secure funding to the tune of $800 million to $1 billion, through a debtor-in-possession loan. #Bankruptcy #MarketNews https://t.co/2RK4k5XtSl