It is an Affiliate of the ESL Hedge Fund and is named as the “ Buyer “ in the APA so why would it not be Holdco’s Securities? The name change of Transform Holdco, LLC to Sears......? will happen after the CLOSING DATE of the Sale - which is expected this month. Right now ESL does not own the Sears name and that is why it is temporarily using Transform Holdco, LLC as the Buyer.