Replies to post #19566 on Sears Holdings Corp. (fka SHLDQ)

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Opportunity sub $1 right now

[linda1]

As I understand it - the new Holdco Class B
Preferred Units will be distributed to ALL of the
Debtors in Bankruptcy which Holdco purchased
Assets from in the 363 Sale.


All of the Debtors (Subsidiaries) other than Sears
Holdings Corp will distribute their new Holdco
Class B Preferred Units to their Equity Holders -
which is likely the Parent Company SHC.


The Holdco Class B Preferred Units that the
Parent Company SHC receives directly from
Holdco is distributed to Senior Second Lien
Obligations.


I expect that the Holdco Class B Preferred Units
that SHC receives as an Equity Holder of its
Debtor Subsidiaries, will be either sold to pay
to the Estate or distributed to outstanding Debt
of Senior/and or Unsecured Creditors.