Sears Holdings Announces Secured Standby Letter Of Credit Facility

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Sears Holdings (SHLD) Credit Facility Backed by Eddie Lampert's ESL Investments

December 29, 2016 8:43 AM EST

While shares of Sears Holdings (NASDAQ: SHLD) are gaining 10% pre-open on the new credit facility, traders took pause on the realization that the facility was being provided by majority own Eddie Lampert's hedge fund, ESL Investments.

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Sears Holdings (SHLD) Gains 12% After Obtaining Standby Credit Facility

December 29, 2016 8:28 AM EST

Sears Holdings (NASDAQ: SHLD) is gaining 11.7% in pre-open trading Thursday after the company announced it obtained a... More