Wednesday, December 13, 2017

Loan extension amid holiday season gives Sears financial breathing room

Image result for searsSears Holdings gained some breathing room amid the critical holiday shopping season with a pair of deals the struggling Hoffman Estates-based retailer said will give it more financial flexibility.

Sears paid down $325 million on a loan originally due midway through next year and entered into an agreement that gives it an extension to repay the remaining $400 million due, the company said Tuesday. That loan now matures in January 2019 but could be extended another six months.. . . more   

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