Seritage Growth Properties (SRG.N)
20 Aug 2018
NEW YORK, July 31 Billionaire Warren Buffett's Berkshire Hathaway Inc is loaning up to $2 billion to the company that owns some of what used to be some of Sears Holdings Corp's best real estate.
July 31 Real-estate developer Seritage Growth Properties said on Tuesday it has entered into a $2.0 billion term loan facility with Berkshire Hathaway Life Insurance Company of Nebraska, a unit of The Berkshire Hathaway Reinsurance Group.
* SERITAGE GROWTH PROPERTIES AND FIRST WASHINGTON REALTY ANNOUNCE PARTNERSHIP TO OWN THE CORBIN COLLECTION IN WEST HARTFORD, CONNECTICUT
* QTRLY COMPANY FFO OF $0.22 PER DILUTED SHARE Source text for Eikon: Further company coverage:
April 24 Jeff Stollenwerck, a 15-year veteran of Sears Holdings Corp and president of its real estate business, will soon be departing the U.S. department store operator, the company said in a statement on Tuesday.
BRIEF-Seritage Growth Properties- Sears Holdings Exercised Right Under Master Lease To Terminate Master Lease With Respect To 9 Unprofitable Stores
* SEARS HOLDINGS EXERCISED RIGHT UNDER MASTER LEASE TO TERMINATE MASTER LEASE WITH RESPECT TO 9 UNPROFITABLE STORES Source text: (https://bit.ly/2qu4ulG) Further company coverage:
* REPORTS FOURTH QUARTER AND FULL YEAR 2017 OPERATING RESULTS