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bar1080

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bar1080

Re: None

Wednesday, 01/10/2018 11:16:20 AM

Wednesday, January 10, 2018 11:16:20 AM

Post# of 37346
"Sears to Cut Extra $200 Million to Focus on Little-Known E-Commerce Platform"

"Sears also has amended its second-lien notes due Oct. 15 and is in talks with lenders to change the terms on more than $1 billion in non-first-lien debt to reduce interest expenses and extend certain maturities. Sears shares were up 2.6% Wednesday morning, trading at $3.21 per share. "The financial transactions we are pursuing and incremental cost actions are designed to accelerate our return to profitability and enable Sears Holdings to increase our investment in the most promising opportunities in our enterprise, including our Shop Your Way network and our Sears Home Services business," said Eddie Lampert, Sears' CEO, chairman and de facto financier, in Wednesday's statement."

https://www.thestreet.com/story/14444558/1/sears-to-cut-extra-200-million-to-focus-on-ecommerce-platform.html

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