Sears 200 Million Hedge Fund

Sears took out its third loan in a month from its CEO's hedge fund. The fund has loaned Sears $200 million in the last month alone. Over the last two years, Lampert and his hedge fund have...

Sears borrowing $200 million more from CEO Eddie Lampert ...
Sears is borrowing more money from CEO Eddie Lampert's hedge fund to stay afloat. The company announced Thursday that it obtained a loan called a secured standby letter of credit for an initial $200 million, with the option to expand the amount to $500 million.. This particular kind of loan comes with a guarantee on behalf of the lenders that Sears' suppliers will be paid, should the company ...
Sears' CEO just gave the company another $200 million lifeline
Sears is borrowing more money from CEO Eddie Lampert's hedge fund. Lampert, through his hedge fund ESL Investments, has agreed to give the company a $200 million credit line.
Sears Depletes $200 Million Loan in Latest Sign of Cash ...
Sears Holdings Corp. drew down the remaining $60 million on a $200 million loan, signaling that the struggling department-store chain is quickly running through cash.
How Sears CEO Lampert cashes in as stores cash out - USA TODAY
Lampert owns about 48% of Sears stock, according to the company's annual report, including holdings through his hedge fund, ESL Investments. Besides his stock, Lampert holds about $381 million in unsecured notes issued to Sears.
Sears - Wikipedia
Sears, Roebuck and Company, colloquially known as Sears, is an American chain of department stores founded by Richard Warren Sears and Alvah Curtis Roebuck in 1892 and 1906. Formerly based at the Sears Tower in Chicago and currently headquartered in Hoffman Estates, Illinois, the operation began as a mail ordering catalog company and began opening retail locations in 1925.
Sears Holdings - Wikipedia
The Sears Holdings Corporation is an American holding company headquartered in Hoffman Estates, Illinois, a suburb of Chicago.It is the owner of retail store brands Sears and Kmart, and was founded after the latter purchased the former in 2005. Sears Holdings also owns the brands Kenmore and DieHard.A sale of Craftsman to Stanley Black and Decker occurred in March 2017.
Hedge fund titan Ray Dalio: If the Fed goes overboard on ...
"I don't see anything that would cause a downturn right now" except tighter monetary policy, the billionaire says.
Who Killed Sears? 50 Years on the Road to Ruin | Investopedia
Sears is closing 100 more stores, and management has "substantial doubts" the company can survive a losing streak that's unlikely to stop at $10 billion.
Sears CEO Eddie Lampert warns: 'will consider all other ...
The company last year sold its Craftsman brand for $900 million and announced closures of about 400 stores, including Kmart locations. Sears had around 1,000 locations remaining when the new year began.
Sears raises $100M in new financing, eyes $200M in cost cuts
Sears has secured more financing, and is eying more cost cutting, as the beleaguered retailer reported a sales drop during the critical holiday season.