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Sears inks $200 million credit line from CEO Eddie Lampert's hedge fund; shares jump 9 percent

from CNBC

Sears Holdings has landed a fresh line of credit, valued at $200 million, from its CEO Eddie Lampert's hedge fund, according to a Monday filing with the Securities and Exchange Commission. On July 13, Lampert's ESL Partners entered into a short-term line of credit loans, which carry a maturity date of 151 days and a fixed interest rate of 9.75 percent per year, Sears said. more


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