Fashion > Financial

Sears Secures Loan; Swings to Profit

6 monthes ago   |   By

Sears Holdings Corp. said it completed a secured loan to enhance its liquidity at the same time it reported fourth-quarter results.
The loan - with gross proceeds of $440 million - helps the company unlock nearly $980 million of appraised asset values and is in connection with its agreement with the Pension Benefit Guaranty Corp. last year to prefund contributions to its pension plan for the next two years. The agreement releases 140 Sears properties so they can be sold. From the $440 million in proceeds, $407 million will be made to the PBGC to satisfy the company's pension obligations...
Read more ...

 


Search by Tags

   Financial      Kmart      Retail      Sears  


Fashion Focus Beachwear Magazine - Spring/Summer 2018

Fashion Focus Beachwear Magazine - Spring/Summer 2018

Fashion Focus Beachwear Magazine - Spring/Summer 2018 at Magazine Cafe Store USA Read more ...

Elle UK Magazine November 2017

Elle UK Magazine November 2017

Elle UK Magazine November 2017 from Magazine Cafe Store NYC Read more ...

ODDA Magazine

ODDA Magazine

Fragile Life Read more ...

Hedi Slimane Explains How CELINE Will Be Different Under Him

Hedi Slimane Explains How CELINE Will Be Different Under Him

Ahead of his first CELINE show - complete with premium art book invitation - creative director Hedi Slimane has sat down for a rare interview. The wide-ranging conversation... Read more ...

Jacey Elthalion, Julian Schneyder & Max Bender Travel to Tokyo for Camel...

Jacey Elthalion, Julian Schneyder & Max Bender Travel to Tokyo for Camel Active Fall '18 Campaign

Known for its adventurous spirit, Camel Active travels to Tokyo for its fall-winter 2018 campaign. Models Jacey Elthalion, Julian Schneyder, and Max Bender star in the... Read more ...

New Leak Teases Google Pixel 3 & Pixel 3 XL Details

New Leak Teases Google Pixel 3 & Pixel 3 XL Details

With Google poised to officially announced its latest Pixel models at a press event in early October, a new leak has teased what to expect from the Pixel 3 and Pixel 3 XL. This... Read more ...

Glossier

Glossier

Lash Slick Read more ...

Gucci: Ready-to-Wear SS19

Gucci: Ready-to-Wear SS19

If these wall could speak... For one night only, Italian mega brand Gucci transplanted itself from Milan to Paris. Guests filed into the famous Le Palace venue. These days its... Read more ...

ODDA Magazine

ODDA Magazine

Mulberry F/W 18-19 Read more ...

Dior leads Paris fashion on a dance as Gucci goes for gags

Dior leads Paris fashion on a dance as Gucci goes for gags

Dior led Paris fashion week on a sensual dance Monday with a spectacular show woven around a new modern dance piece by choregrapher Sharon Eyal to kick off the nine-day... Read more ...

Vogue Ukraine

Vogue Ukraine

Alliance Read more ...

Wanda Nylon designer Johanna Senyk unveils Françoise collection

Wanda Nylon designer Johanna Senyk unveils Françoise collection

After a brief hiatus, former Wanda Nylon designer Johanna Senyk is back with a new collection. Putting her former brand, comprised largely of plastic Trench coats, on hold... Read more ...