Sears Holdings Corp. (fka SHLDQ)

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Just Out: "Exclusive: Lampert helps bankroll Sears as woes persist after bankruptcy - sources"

"(Reuters) - U.S. retailer Sears has borrowed about $150 million from lenders, including its billionaire owner Eddie Lampert, as it racks up losses less than a year after it emerged from bankruptcy protection, people familiar with the matter said.

The new financing will help stock Sears' store shelves for the holiday shopping season, as it struggles to become profitable. Lampert is no stranger to bankrolling Sears, having extended loans through his hedge fund ESL Investments Inc to the department store chain over the last decade until its financial collapse last year.

The new financing is backed by assets that include Sears' real estate and intellectual property, the sources said. The funds are less than the roughly $200 million Sears originally sought, the sources added.

Sears was unable to borrow as much as it wanted because lenders were concerned about the 126-year-old company's prospects and financial wherewithal, according to the sources."

https://www.yahoo.com/news/exclusive-lampert-helps-bankroll-sears-101609357.html