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Sears Holdings Corp. President and CEO Eddie Lampert has made a $ 4.4 billion takeover bid to the US retailer, who is currently facing bankruptcy, in what should be the only chance To avoid closing doors and laying off tens of thousands of workers, said Friday a spokesman for the billionaire's investment fund.
Lampert's proposal is made up in part of a $ 1.3 billion financing from three different financial institutions, said the spokesman for the ESL investment fund.
This offer would preserve approximately 425 stores that Sears has not yet closed and ensure the employment of close to 50,000 workers out of the 68,000 employees in the retail network. Transform Holdco LLC, an ESL subsidiary, has filed the offer, the spokesman said. as well as Royal Bank of Canada, which was not a lender before. Together, they agreed to provide loans of $ 950 million and a revolving line of credit of $ 350 million.
In addition, another portion of Lampert's offer is based on Sears debt of $ 1.8 billion. ESL already holds and plans to forgive for supporting the supply, sources said. This offer includes the adoption of protection contracts that Sears has already sold to rebadure customers who have purchased appliances, televisions, tractors and other equipment.
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