Sears Takes $400m Loan From Lampert's Hedge Fund

NEW YORK (AP) — Sears is taking out a $400 million secured short-term loan from a hedge fund run by CEO Edward Lampert. The Hoffman Estates, Illinois, company, which runs Sears and Kmart stores, said in a regulatory filing that the loan is from entities affiliated with Lampert's ESL Investments Inc. Lampert is Sears' biggest stockholder.Read more on NewsOK.com

 

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