GE Capital lends $400M to Sears

Norwalk, Conn. General Electric's finance arm, GE Capital, said Tuesday it helped lend $4 billion to Sears Holdings Corp. to provide working capital.

GE Capital Markets served as joint lead arranger for the loan.

"We're pleased to be able to provide $400 million to Sears in this transaction, making the largest contribution of new capital to the company and demonstrating how retailers benefit from working with a retail-focused lending team," said Jim Hogan, managing director of GE Capital, corporate retail finance.