UBS Agents Amendment on Sears Credit Agreement

Sears Holdings amended its March 14, 2018 credit agreement, with UBS, Stamford Branch serving as administrative agent and UBS Securities acting as lead arranger and bookrunner.

JPP Agents Sears Term Loan Amendment

JPP acted as both administrative and collateral agent on an amendment to Sears Holdings’ second lien credit agreement.

JPP Agents $100MM Term Loan for Sears

Sears Holdings has raised $100 million in new financing and is pursuing an additional $200 million. JPP, an affiliate of Sears Chairman Edward Lampert’s hedge fund, ESL Investments,, has agented a $100 million term loan for the ailing retailer.

Citibank Agents $200MM Secured Standby LC Facility for Sears

Sears Holdings obtained a secured standby letter of credit facility in an initial amount of up to $200 million provided by affiliates of ESL Investments with Citibank serving as administrative agent and issuing bank.

JPP Agents $300MM 2nd Lien Term Loan for Sears

Sears Holdings and Kmart entered into a second lien credit agreement which allowed Sears to borrow $300 million in term loans. JPP served as administrative agent and collateral administrator for the transaction.