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BRIEF-Sears Holdings, through units, enteres amended and restated loan agreement ‍​
October 5, 2017 / 1:50 PM / 2 months ago

BRIEF-Sears Holdings, through units, enteres amended and restated loan agreement ‍​

Oct 5 (Reuters) - Sears Holdings Corp

* Sears Holdings - On Oct 4, Co, through units, entered amended and restated loan agreement which amended and restated loan agreement, dated Jan 3, 2017‍​

* Sears Holdings - After giving effect to initial incremental loan, outstanding amount under amended loan agreement was $499.4 million

* Sears Holdings Corp - Pursuant to amended and restated loan agreement, borrowers under loan agreement borrowed an additional $100 million from lenders

* Sears Holdings Corp - The incremental loans mature on April 3, 2018‍​

* Sears Holdings Corp - ‍Original loans under amended and restated loan agreement continue to mature on July 20, 2020​

* Sears Holdings Corp - ‍Incremental loans will have an annual interest rate of 11%, with accrued interest payable monthly-SEC filing​

* Sears Holdings Corp - ‍ Subject to satisfaction of certain conditions up to an additional $100 million May be drawn by co prior to December 1, 2017​ Source text: [bit.ly/2hPrrza] Further company coverage:

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