Sears ceo lends Sears Holdings $200 million

ESL Partners enters into shot-term loan

Hoffman Estates, Ill. – The hedge fund run by Sears Holdings’ ceo Eddie Lampert just threw out a $200 million life-line to the retail operation.

ESL Partners, of which Lampert is chairman and ceo, has entered into a short-term line of credit loans. The loans carry a maturity date of 151 days and a 9.75% fixed annual interest rate.

In its filing with the Securities and Exchange Commission, Sears Holdings noted it may entered into additional short-term loans for up to $100 million.

Sears Holdings is currently the largest holding in the ESL portfolio, according to CNBC.

Home & Textiles Today Staff | News & Commentary

 Home Textiles Today is the market-leading brand covering the home and textiles markets, offering a comprehensive package of print and online products. Home & Textiles Today provides industry news, product trends and introductions, exclusive industry research, consumer data, store operations solutions, trade show news and much more.

Featured Video

  • Live From New York: Fashion Comes Across the Pond

    Camera Icon More Videos

Subscribe to
Home & Textiles Today eDaily
Receive the news you need to know about the trends in the industry delivered right to your inbox.

CURRENT ISSUE

HTT Cover October 2017

See the October 2017 issue of Home & Textiles Today. In this issue, we look at the Top 25 Online Retailers.  H&TT's exclusive annual ranking of the biggest online sellers of home textiles finds that while pure play etailers continue to fly, bricks & clicks are digging into omnichannel. See details!