Tuesday, July 18, 2017

Sears gets fresh lifeline from familiar source

Beleagured Sears Holdings is borrowing yet more money from CEO Eddie Lampert's hedge fund. 
Lampert's hedge fund, ESL Investments, has agreed to give the company a new line of credit, valued at $200 million. On July 13, Lampert's ESL Partners entered into a short-term line of credit loans, which carry a maturity date of 151 days and a fixed interest rate of 9.75% per year, Sears said.. . . more

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