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Sears, Kmart launch movie-download service
NOVATO, Calif. - Sears Holdings has launched a new online movie download service, Alphaline Entertainment (http://alphaline.roxionow.com), which enables Sears and Kmart customers to download entertainment online, including new movies on the same day they are released on DVD and Blu-ray disc. The service is being provided through Sonic Solutions RoxioNow platform.
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J. Crew seeks $1.85 billion financing to fund leveraged buyout
New York City -- J. Crew is seeking $1.85 billion of debt to help fund its $3 billion buyout by TPG Capital and Leonard Green & Partners LP.
Bank of America Corp. and Goldman Sachs Group are arranging a $1 billion seven-year term loan, $600 million in senior unsecured notes and a $250 million five-year asset-based revolving line of credit, according to a commitment letter attached to a regulatory filing, Bloomberg reported.