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Sears Holdings Corp (SHLD.O)

SHLD.O on Nasdaq

6.05USD
18 Oct 2017
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$0.26 (+4.49%)
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Latest Key Developments (Source: Significant Developments)

Sears ‍teams with Operation Homefront to grant mortgage-free homes to veterans this holiday season​
Thursday, 12 Oct 2017 08:02am EDT 

Oct 12 (Reuters) - Sears Holdings Corp :Sears - ‍teams with Operation Homefront to grant mortgage-free homes to veterans this holiday season​.  Full Article

Sears Holdings, through units, enteres amended and restated loan agreement ‍​
Thursday, 5 Oct 2017 09:47am EDT 

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​.  Full Article

Sears enters into licensing agreements for Kenmore, Diehard brands
Tuesday, 22 Aug 2017 08:00am EDT 

Aug 22 (Reuters) - Sears Holdings Corp ::Sears enters into licensing agreements for Kenmore and Diehard brands.Terms of deals were not disclosed.Sears -Cleva North America Inc will manufacture Kenmore and Kenmore elite vacuums and accessories for distribution at retailers worldwide.Sears Holdings - ‍signed two licensing agreements that will broaden reach of its Kenmore and diehard brands internationally ​.  Full Article

Sears Holdings enters into amendment to letter of credit and reimbursement agreement
Thursday, 10 Aug 2017 05:18pm EDT 

Aug 10 (Reuters) - Sears Holdings Corp -:Sears Holdings - through units entered into a third amendment to letter of credit and reimbursement agreement dated december 28, 2016 - sec filing​.Sears Holdings-amendment entered into related with initial lenders assigning $140 million of commitments under lc facility to certain unaffiliated lenders​.  Full Article

Wheaton Precious Metals Q2 earnings per share $0.15
Thursday, 10 Aug 2017 05:00pm EDT 

Aug 10 (Reuters) - Wheaton Precious Metals Corp :Wheaton Precious Metals announces second quarter results for 2017 and a 43% increase in declared dividend.Q2 earnings per share $0.15.Q2 revenue fell 6 percent to $200 million.Increases quarterly dividend by 43 percent to $0.10per share.Wheaton Precious Metals Corp says attributable production in Q2 2017 of 7.2 million ounces of silver and 78,100 ounces of gold.Wheaton Precious Metals Corp - estimated attributable silver and gold production in 2017 is forecast to be 28 million silver ounces and 340,000 gold ounces.Q2 earnings per share view $0.14, revenue view $214.5 million -- Thomson Reuters I/B/E/S.  Full Article

Sears says entered amendment to letter of credit, reimbursement agreement
Thursday, 3 Aug 2017 09:16am EDT 

Aug 3 (Reuters) - Sears Holdings Corp :On August 1, co, through units entered amendment to letter of credit, reimbursement agreement dated Dec 28, 2016​ - SEC filing.Sears Holdings - extends maturity of $271 million committed under existing LC facility from original maturity date of Dec 28, 2017 through Dec 28, 2018.Amendment also increases pricing under LC facility, provides for release of all real estate collateral that secured existing facility​.Says amendment eliminates unused portion of facility - SEC filing.  Full Article

Sears Holdings Corp ‍announces launch of kenmore products on Amazon.Com​
Thursday, 20 Jul 2017 08:00am EDT 

July 20 (Reuters) - Amazon.Com Inc ::Sears Holdings Corp - ‍announced launch of kenmore products on Amazon.Com​.Sears Holdings Corp - terms of deal were not disclosed..  Full Article

Sears Holdings says co, Sears Roebuck Acceptance, Kmart entered into first amendment to second lien credit agreement, dated Sept. 1, 2016
Friday, 7 Jul 2017 05:37pm EDT 

July 7 (Reuters) - Sears Holdings Corp ::Sears holdings says co, sears roebuck acceptance, kmart entered into first amendment to second lien credit agreement, dated sept 1, 2016 - sec filing.Sears - ‍amendment to provide line of credit facility pursuant to which co and its units may borrow line of credit loans in amount not to exceed $500 million.Sears holdings corp - ‍company expects to use proceeds from line of credit loans for general corporate purposes​.Sears holdings corp - esl investments inc has indicated that it is considering participating in credit facility as a line of credit lender.Sears holdings - ‍edward s. Lampert, co's ceo and chairman, is sole stockholder, ceo and director of esl investments, inc, which controls agent​.Sears holdings corp - ‍line of credit loans will be secured on a pari passu basis with company's existing obligations under credit agreement​.  Full Article

Sears Holdings to initiate closing of 8 Sears, 35 Kmart stores‍​
Friday, 7 Jul 2017 12:21pm EDT 

July 7 (Reuters) - Sears Holdings Corp ::Sears Holdings says on July 7, co will initiate closing of an additional eight Sears and 35 KMART unprofitable stores‍​ - blog.Expect to introduce smaller concept stores in upcoming quarters while reducing number and/or size of larger-format, less competitive stores.  Full Article

Seritage says Sears Holdings to continue to pay co rent until it vacates stores
Friday, 23 Jun 2017 06:28am EDT 

June 23 (Reuters) - Seritage Growth Properties ::Seritage Growth Properties - pursuant to terms of master lease units co, units of Sears Holdings Corp, Sears Holdings exercised right to terminate master lease.Seritage Growth Properties - Sears Holdings will continue to pay co rent until it vacates stores which is expected to occur in October 2017 - SEC filing.Seritage Growth Properties - Sears Holdings to pay termination fee equal to 1 year of annual base rent, plus 1 year of estimated annual operating expenses.Seritage Growth Properties - termination of master lease with respect to 20 unprofitable stores.  Full Article

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Major Sears investor Berkowitz departs board; stock plunges

Sears Holdings Corp on Monday said that Bruce Berkowitz, head of the company's second-biggest investor, resigned from the board of directors less than two years after he sought a seat to help turn the struggling department store chain around, sending Sears stock down as much as 15 percent.