10-14-2018, 12:48 PM
Sears may have been thrown a lifeline. Filings are expected tomorrow morning. If it goes through, a majority of their stores will stay open at least through the Christmas season this year.
(Reuters) - Sears Holdings Corp CEO Eddie Lampert has stepped in to contribute toward a financing package of between $500 million and $600 million that the U.S. department store operator was close to securing on Sunday to fund operations during bankruptcy proceedings, people familiar with the matter said.
https://www.reuters.com/article/us-sears...SKCN1MP04L
(Reuters) - Sears Holdings Corp CEO Eddie Lampert has stepped in to contribute toward a financing package of between $500 million and $600 million that the U.S. department store operator was close to securing on Sunday to fund operations during bankruptcy proceedings, people familiar with the matter said.
https://www.reuters.com/article/us-sears...SKCN1MP04L
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