* Board approves entering into a C$800 mln credit facility
* Board also approves C$400 million loan to Sears Holdings
* Issues special dividend of C$3.50 per share
TORONTO, Sept 10 Retailer Sears Canada (SCC.TO)
announced on Friday a special dividend of C$3.50 a share to be
paid Sept. 24 on all common shares.
The company, which is 90.4 percent owned by parent Sears
Holdings Corp (SHLD.O), also said its board of directors
approved an C$800 million ($769 million) senior secured credit
facility, available for five years to help fund capital
expenditures, acquisitions and other general corporate needs.
In addition, a C$400 million loan will also be made to the
Sears Canada stock closed down 8 Canadian cents at C$21.42
on Friday on the Toronto Stock Exchange.
(Reporting by Solarina Ho; editing by Peter Galloway)