Edition:
United States

Sears Holdings Corp (SHLD.O)

SHLD.O on Nasdaq

3.80USD
22 Nov 2017
Change (% chg)

$-0.09 (-2.31%)
Prev Close
$3.89
Open
$3.88
Day's High
$4.22
Day's Low
$3.78
Volume
1,589,909
Avg. Vol
1,378,757
52-wk High
$14.32
52-wk Low
$3.62

Latest Key Developments (Source: Significant Developments)

Sears Holdings sees net loss of $595 mln - $525 mln in Q3
Wednesday, 8 Nov 2017 08:00am EST 

Nov 8 (Reuters) - Sears Holdings Corp :Q3 revenue $3.7 billion.Expects Q3 net loss attributable to Sears Holdings' shareholders to improve by approximately $190 million​.Entered deal with PBGC to release about 140 sears properties from ring-fence arrangement for $407 million of contributions to pension plans​.Says ‍"retail environment remains challenging", with continued pressures on sales​.Q3 2017 adjusted EBITDA is expected to improve by approximately $100 million​.Paid down outstanding borrowings under term loan maturing in June 2018 by $205 million during Nov, reducing outstanding balance to about $520 million​.Total comparable store sales declined 15.3% during quarter​.Paid down borrowings under term loan maturing in June of 2018 by $205 million during Nov reducing outstanding balance to about $520 million​.Qtrly ‍KMart comparable store sales decreased 13.0%, while Sears comparable store sales declined 17.0%​.Says ‍"we continue to review our capital structure to maximize our additional financial flexibility​".Will continue to evaluate alternatives to meaningfully reduce cash interest payments in 2018​.Expect a net loss attributable to Sears Holdings' shareholders of between $595 million and $525 million in Q3 of 2017​.At October 28, 2017, co had utilized approximately $805 million of its $1.5 billion revolving credit facility due in 2020​.Number of participants in company's pension plans has been reduced from about 400,000 to about 100,000​.  Full Article

Sears plans to close 45 Kmart stores, 18 Sears stores in late Jan 2018‍​
Friday, 3 Nov 2017 01:39pm EDT 

Nov 3 (Reuters) - SEARS HOLDINGS CORP : :SEARS HOLDINGS CORP - ON NOV 2, INFORMED ASSOCIATES AT 45 KMART STORES AND 18 SEARS STORES THAT CO WILL BE CLOSING THESE STORES IN LATE JANUARY 2018‍​.  Full Article

Sears Holdings enters second amended and restated loan agreement through units​
Thursday, 19 Oct 2017 04:42pm EDT 

Oct 19 (Reuters) - Sears Holdings Corp :Sears Holdings Corp - ‍ on October 18, co through units entered into a second amended and restated loan agreement​- SEC filing.Sears Holdings - entered agreement ‍which amended, restated amended and restated loan agreement, dated as of Oct 4, 2017, with JPP LLC and JPP II LLC​.Sears Holdings - ‍on Oct 18, pursuant to second amended and restated loan agreement, borrowers borrowed an additional $40 million from lenders​.  Full Article

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

BRIEF-SEARS TO OFFER BLACK FRIDAY PRICING ONLINE AT SEARS.COM​

* ‍SEARS AND KMART ALSO LOWERED MINIMUM PURCHASE THRESHOLD FOR FREE SHIPPING ON QUALIFYING ONLINE ORDERS TO $25​ Source text for Eikon: Further company coverage: