Daily News: November 15, 2018

All It Wants for Christmas: Sears Seeking $350MM Loan from Great American


According to Reuters, Sears Holdings is in the final stages of negotiations with Great American Capital Partners and other lenders for $350 million in bankruptcy financing. The funds would be used to keep retail locations open through the upcoming holiday season.

Reuters said the financing would give Sears time to seek buyers for its assets.

Reuters added a U.S. bankruptcy judge will hear arguments for approving the loan on November 27.

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