Sears Holdings receives $4 billion loan from GE Capital

NORWALK, Conn. GE Capital, Corporate Retail Finance announced that it co-led a $4 billion asset-based credit facility for Sears Holdings. The loan will be used for working capital needs. GE Capital Markets served as joint lead arranger.

“GE worked closely with us to structure a loan to fully meet our needs,” said Michael Collins, SVP and CFO for Sears Holdings. “Their retail experience allowed them to understand our business and make a significant financial commitment.”