Sears Holdings Corp. won court approval Monday of a Chapter 11 liquidation plan requiring suppliers that kept its shelves stocked in bankruptcy to wait for their money or take a discounted payoff, according to press reports.According to a report from...
Read Story
October 08, 2019, 08:54 AM
|
Sears Chairman Eddie Lampert isn't letting the company's 125-year retail legacy go without a fight. According to multiple news reports, Lampert tacked on to his original bid to buy the company through his hedge fund ESL Investments after his original...
Read Story
January 10, 2019, 08:00 AM
|
The iconic 125-year old retailer Sears may have less than 24 hour to survive before creditors opt to liquidate the storied firm, which filed for bankruptcy in October, according to published reports. Despite receiving $300 million in debtor in...
Read Story
December 28, 2018, 08:53 AM
|
Sears Holdings has reportedly secured court approval to tap an additional $350 million in emergency financing to support the storied but struggling retailer through the holiday shopping season. According to a report from CNBC, a bankruptcy judge...
Read Story
November 28, 2018, 08:06 AM
|
As many had anticipated, Sears Holdings Corporation filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New York.The Company expects to move through the restructuring...
Read Story
October 15, 2018, 07:23 AM
|
Sears Holdings Corporation announced that it has entered into an amendment to its existing Second Lien Credit Facility dated as of March 14, 2018, among the Secured Loan Borrowers, the lenders party thereto, UBS AG, Stamford Branch, LLC, as...
Read Story
July 09, 2018, 07:38 AM
|
Struggling under a lingering distress in the retail sector, Sears Holdings Corporation announced that it will begin closing more stores in the U.S. sometimes in January. In a press release the company said it plans to close a total of 63 stores, 18...
Read Story
November 06, 2017, 08:00 AM
|
Sears Holdings Corporation announced that it has entered into an amendment to its existing Second Lien Credit Facility dated September 1, 2016. The amended credit facility provides an uncommitted line of credit facility under which subsidiaries of...
Read Story
July 10, 2017, 07:17 AM
|
Sears Holdings Corporation announced that it delivered meaningful improvement in operating performance for the fourth quarter of 2016, and outlined important actions to drive profitability. These include steps to enhance the Company's liquidity and...
Read Story
February 10, 2017, 08:05 AM
|
Stanley Black & Decker and Sears Holdings Corporation announced that they have entered into a definitive agreement under which Stanley Black& Decker will purchase the Craftsman brand from Sears Holdings. The transaction provides Stanley Black&...
Read Story
January 06, 2017, 07:40 AM
|
Sears Holdings Corporation announced that certain of its subsidiaries have entered into a $500 million committed secured loan facility maturing in July 2020. $321 million was funded under the Loan Facility today and up to an additional $179 million...
Read Story
January 05, 2017, 08:30 AM
|
Sears Holdings Corporation announced that certain of its subsidiaries (the "Borrowers") have entered into a 15 month $500 million committed secured loan facility (the "Loan Facility") maturing in July 2017. $250 million was funded under the Loan...
Read Story
April 11, 2016, 08:59 AM
|
Sears Holdings Corporation announced that it has priced its previously announced $750 million Senior Secured Term Loan (the "Term Loan") under the company's existing Third Amended and Restated Credit Agreement, dated as of July 21, 2015. When...
Read Story
March 21, 2016, 07:39 AM
|