Sears Holdings Corp. (fka SHLDQ)

[thelionwarrior]

“On January 5, 2019, the Second Lien Borrowers elected to pay interest on the Second Lien Term Loan by increasing the principal amount of the Second Lien Term Loan. In connection with this election by the Second Lien Borrowers, the principal amount of the portion of the Second Lien Term Loan held by JPP and JPP II was increased accordingly, and no cash consideration was paid by either JPP or JPP II in connection with this increase to the principal amount of the Second Lien Term Loan. As a result of the foregoing, (i) JPP may acquire up to an additional 559,095 shares of Holdings Common Stock within 60 days upon the conversion of the Second Lien Term Loan into shares of Holdings Common Stock, and (ii) JPP II may acquire up to an additional 255,382 shares of Holdings Common Stock within 60 days upon the conversion of the Second Lien Term Loan into shares of Holdings Common Stock.”
 
Item 4.
Purpose of Transaction.
Item 4 is hereby amended and supplemented as follows:
“On January 17, 2019, Transform Holdco entered into an Asset Purchase Agreement (the “Purchase Agreement”) by and among Transform Holdco, Holdings and certain subsidiaries of Holdings party thereto (Holdings, together with each of Holdings’ subsidiaries party thereto, the “Sellers”) to acquire substantially all of the go-forward retail footprint and other assets and component businesses of Holdings as a going concern (the “Going Concern Transaction”).


https://www.sec.gov/Archives/edgar/data/923727/000119312519012110/d687440dsc13da.htm

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