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Sears Holdings obtains $500 million loan — with some help from Eddie Lampert
Sears Holdings Corp. announced it obtained a 15-month $500 million secured loan facility. ESL Investments, the company controlled by Sears chairman and CEO Edward Lampert, helped provide part of the loan and is entitled to related fees.
Sears said $250 million of the 15-month loan was funded on Friday with the remainder being accessible in the future.
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Sears expands omnichannel service; hopes more people will seek out ‘expert’
Sears Holding Corp. is making a timely expansion to its seamless “Meet With An Expert” service as it looks to engage with shoppers this spring.
Sears has extended its “Meet With An Expert” service introduced last fall to its lawn and garden department. The free service allows online shoppers to schedule in-store appointments with experts in specific product areas.

