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Post# of 37346
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bar1080

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bar1080

Re: modrica post# 1748

Wednesday, 01/10/2018 10:21:13 AM

Wednesday, January 10, 2018 10:21:13 AM

Post# of 37346
"Sears 'will consider all other options' if refinancing fails, CEO Eddie Lampert warns"

"Department-store chain Sears Holdings warned Wednesday that it recorded a net loss in the fourth quarter, which included the crucial holiday shopping season, as it continues store closures. Sears CEO Eddie Lampert said in a blog post that if the company can't refinance certain debt to get more financial breathing room, the company "will consider all other options to maximize the value of Sears Holdings’ assets." The retailer wants to renegotiate $1 billion in debt by extending the due-date on certain loans and overhauling other terms. That would allow the company to "unlock value in our other brands and major assets, including Kenmore, DieHard, Sears Home Services, Sears Auto Centers and our ..."

https://www.yahoo.com/finance/m/28a890a1-5164-3750-8ad9-96795e51082a/ss_sears-%27will-consider-all.html

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