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Re: Orion1972 post# 30738

Wednesday, 02/27/2019 1:31:04 PM

Wednesday, February 27, 2019 1:31:04 PM

Post# of 37346
Yes.

Here's a more detailed breakdown of Sears Holdings' debt: ESL affiliates are the lender on at least five issuances of Sears loans with a total outstanding balance of more than $1.5 billion. The only loans that aren't clearly held by ESL affiliates in Sears' financials are under a header called domestic credit agreement. The domestic credit agreement loans are lent by a syndicate of lenders, according to the statements, and Sears owes about $2.1 billion to that syndicate as of October. Affiliates of ESL held about $100 million of that $2.1 billion last year and were repaid $36 million when the company sold Craftsman. Overall, this brings Lampert's debt tally to just under $1.6 billion.




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