Thank you for sharing!

Your article was successfully shared with the contacts you provided.
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.

More from this author


Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.