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

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