Sears ceo lends Sears Holdings $200 million
July 17, 2017,
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.
Sears Holdings is currently the largest holding in the ESL portfolio, according to CNBC.
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