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News Stories (18 Results) - Sears

A company owned by former Sears Chairman Eddie Lampert's ESL Investments filed suit this week against what's left of the storied retailer alleging that the company withheld assets that should have been turned over after Lampert's company won the bid... Read Story
May 29, 2019, 09:05 AM

Ten days after Sears Holdings Chairman Eddie Lampert was named the winning bidder for the remaining assets of the 125-year old retail giant, creditors are fighting back, accusing Lampert and his hedge fund ESL Investments of orchestrating "a... Read Story
January 28, 2019, 09:00 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

With the clock ticking down on a deadline to make a bid to save storied retailer Sears from liquidation, Sears Holdings Chairman Eddie Lampert made an offer on Friday to buy the company out of bankruptcy for $4.4 billion and keep more than 400 retail... Read Story
January 02, 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 Corporation announced that it has sought court approval of a "stalking horse" asset purchase agreement with to acquire the Sears Home Improvement business (SHIP) in a sale process under Section 363 of the U.S. Bankruptcy... Read Story
November 05, 2018, 09:04 AM

Sears Hometown and Outlet Stores, Inc. announced that its three operating subsidiaries, Sears Authorized Hometown Stores, LLC, Sears Home Appliance Showrooms, LLC, and Sears Outlet Stores, L.L.C., and the Company, as guarantor, have entered into a... Read Story
February 22, 2018, 07:09 AM

Sears Canada Inc. and certain of its subsidiaries have been granted an order from the Ontario Superior Court of Justice under the Companies' Creditors Arrangement Act (CCAA).Among other things, the Initial Order provides for a stay of proceedings in... Read Story
June 23, 2017, 08:00 AM

Troubled retailer Sears Holdings Corp. said that mounting losses could restrict the company's access to new capital and threaten its continued existence as a going concern, Reuters reports. The warning comes in the midst of a massive cost-cutting... Read Story
March 22, 2017, 08:00 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

Ares Commercial Finance announced that it has extended $30 million of credit to Sears Authorized Hometown Stores, LLC. The credit facility consists of a working capital revolver and is a participation in a larger global commitment of $250... Read Story
February 06, 2017, 08:00 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

On Sep. 1, 2016, Sears Holdings Corporation, Sears Roebuck Acceptance Corp. (“SRAC”) and Kmart Corporation (together with SRAC, the “Borrowers”) entered into a Second Lien Credit Agreement (the “Credit Agreement”) with the Lenders (as defined below)... Read Story
September 06, 2016, 07:33 AM

Sears Holdings Corporation announced that its pro-rata spin-off of Lands’ End, Inc. (“Lands’ End”) from Sears Holdings closed on April 4, 2014. Lands’ End has now been separated from Sears Holdings and its common stock is expected to begin... Read Story
April 08, 2014, 07:24 AM

Sears Holdings Corporation announced that its board of directors approved the separation of its Lands' End business by means of a pro-rata spin-off transaction. To effect the spin-off, Sears Holdings will distribute all of the outstanding shares of... Read Story
March 17, 2014, 07:29 AM

Widening in J.C. Penney's (JCP) five-year credit default swap (CDS) spreads underscores continued investor concern, according to Fitch Solutions. The retailer said last week it would close 33 stores nationwide and cut 2,000 jobs as it struggles to... Read Story
January 21, 2014, 07:04 AM

Sears Holdings Corporation announced that its wholly owned subsidiaries Sears Roebuck Acceptance Corp. and Kmart Corporation have borrowed $1.0 billion under a new a senior secured term loan facility (the "Incremental Term Loan") under the Company's... Read Story
October 03, 2013, 07:56 AM

Sears Holdings Corporation announced that it has provided notice to the administrative agent under the Company's existing Second Amended and Restated Credit Agreement, dated as of April 8, 2011 (the "Existing Credit Agreement"), that the Company... Read Story
September 16, 2013, 10:00 AM