ESL is ready to take on the creditor's claims. Any issues will be resolved or contested.
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A representative for ESL said in a statement that the fund has been a constant source of financing for Sears, which was undertaken to help the company’s continued operations and implement its transformation plan.
“We reject any assertion to the contrary and will vigorously contest any effort to assert claims against ESL, its principals or affiliates concerning these transactions," the representative said in the statement.
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