Sears Holdings (Corp) Seeks Funds From Lampert For Third Time In 2 Months

Mani

Published onOctober 21, 2014

Updated on May 13, 2021

Sears Holdings Corp (NASDAQ:SHLD) plans to raise up to $625 million in debt through an offering of 8% senior notes and warrants, as the struggling retailer attempts to shore up its balance sheet ahead of the holiday season. With 48.5% of the retailer’s stock controlled by CEO Edward Lampert, the latest announcement marks the third time in two months that the billionaire has agreed to pump funds into the struggling retailer.

Terms of Sears Holdings’ debt offering

Sears Holdings Corp (NASDAQ:SHLD) said

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Mani

Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports

Sears Holdings (Corp) Seeks Funds From Lampert For Third Time In 2 Months

Terms of Sears Holdings’ debt offering

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