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Sears Holdings headquarters The retailer has also identified $200 in cost savings unrelated to store closings.

HOFFMAN ESTATES, IL—A week after announcing 103 additional; store closings across the Sears and Kmart brands, Sears Holdings Corp. (SHLD) on Wednesday announced a series of financial steps it’s taking to enhance its liquidity and accelerate its return to profitability. Among other transactions, SHLD has raised $100 million in new financing via a term loan secured by ground leases, and is pursuing an additional $200 million in financing backed by the same collateral.

Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.

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