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Sears Holdings Corp (SHLD.OQ)

SHLD.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

Sears Holdings Corp - ‍Unit Announced A Partnership With Gasbuddy​
Tuesday, 27 Mar 2018 08:00am EDT 

March 27 (Reuters) - Sears Holdings Corp ::SEARS HOLDINGS CORP - ‍UNIT ANNOUNCED A PARTNERSHIP WITH GASBUDDY​.  Full Article

Sears, Through Borrowers, Entered Fifth, Sixth Amendment To Credit Agreement
Friday, 23 Mar 2018 06:19am EDT 

March 23 (Reuters) - Sears Holdings Corp ::SEARS HOLDINGS - ‍ ON MARCH 21, CO THROUGH BORROWERS, ENTERED FIFTH AMENDMENT, SIXTH AMENDMENT TO CREDIT AGREEMENT DATED AS OF JULY 21, 2015.SEARS HOLDINGS - ‍PURSUANT TO AMENDMENTS, BORROWERS BORROWED A $125 MILLION 'FIRST-IN, LAST-OUT' TERM LOAN, MADE CHANGES TO CREDIT AGREEMENT -SEC FILING​​.SEARS HOLDINGS CORP - ‍FILO LOAN MATURES ON JULY 20, 2020​.  Full Article

Sears Holdings Corp - ‍Total Revenues Of $4.4 Billion For Q4 Of 2017
Wednesday, 14 Mar 2018 05:11pm EDT 

March 14 (Reuters) - Sears Holdings Corp ::SEARS HOLDINGS CORP - ‍TOTAL REVENUES OF $4.4 BILLION FOR Q4 OF 2017, COMPARED WITH TOTAL REVENUES OF $6.1 BILLION FOR PRIOR YEAR Q4​.SEARS HOLDINGS CORP - QTRLY EARNINGS PER SHARE $1.69.SEARS HOLDINGS CORP - ‍MERCHANDISE INVENTORIES AT FEBRUARY 3, 2018 WERE $2.8 BILLION, COMPARED TO $4.0 BILLION AT JANUARY 28, 2017​.SEARS HOLDINGS CORP - ‍TOTAL COMPARABLE STORE SALES DECLINED 15.6% FOR Q4​.SEARS HOLDINGS CORP - QTRLY NET INCOME HAS A NON-CASH TAX BENEFIT OF ABOUT $470 MILLION RELATED TO TAX REFORM.SEARS HOLDINGS CORP - EXPECT TO REPORT YEAR-OVER-YEAR ADJUSTED EBITDA IMPROVEMENT IN Q1 OF 2018.SEARS HOLDINGS CORP - QTRLY ‍KMART COMPARABLE STORE SALES DECLINED 12.2%, WHILE SEARS COMPARABLE STORE SALES DECLINED 18.1% IN QUARTER.SEARS HOLDINGS CORP - TAKING ACTIONS INCLUDING COST REDUCTIONS OF $200 MILLION ON AN ANNUALIZED BASIS IN 2018 UNRELATED TO STORE CLOSURES.SEARS HOLDINGS CORP - "‍RECOGNIZE THAT WE NEED TO DO MORE IF WE ARE TO DELIVER ON OUR COMMITMENT TO RETURN TO PROFITABILITY IN 2018​".  Full Article

Washington Prime Group To Buy 4 Sears Stores For About $28.5 Mln
Monday, 12 Mar 2018 04:06pm EDT 

March 12 (Reuters) - Washington Prime Group Inc ::WASHINGTON PRIME GROUP TO ACQUIRE FOUR SEARS STORES LOCATED AT TIER ONE ASSETS THROUGH A SALE-LEASEBACK.WASHINGTON PRIME GROUP INC - DEAL FOR APPROXIMATELY $28.5 MILLION​.WASHINGTON PRIME GROUP INC - WILL HAVE CONTROL OF THESE PROPERTIES FOR FUTURE REDEVELOPMENT​.WASHINGTON PRIME GROUP - ‍AGGREGATE BASE RENT UNDER LEASES IS ABOUT $1.25 MILLION PER ANNUM​.  Full Article

Sears Holdings Says Expects Total Revenue Of $4.4 Bln For Q4
Thursday, 15 Feb 2018 09:23am EST 

Feb 15 (Reuters) - Sears Holdings Corp ::SEARS HOLDINGS SAYS EXPECT TOTAL REVENUE OF $4.4 BILLION FOR Q4 - SEC FILING.EXPECTED Q4 NET INCOME ATTRIBUTABLE TO HOLDINGS’ SHAREHOLDERS $140 MILLION- $240‍​ MILLION.SEARS HOLDINGS - TOTAL COMPARABLE STORE SALES FOR Q4 DECLINED 15.6 PERCENT.Q4 REVENUE VIEW $3.86 BILLION -- THOMSON REUTERS I/B/E/S.NET INCOME EXPECTED IN Q4 IS INCLUSIVE OF A NON-CASH TAX BENEFIT OF ABOUT $445 MILLION TO $495 MILLION RELATED TO TAX REFORM.  Full Article

Sears Holdings Enters Amendment To Term Loan Credit Agreement
Thursday, 1 Feb 2018 09:26am EST 

Feb 1 (Reuters) - Sears Holdings Corp ::SEARS HOLDINGS - ‍ON JAN 29, ENTERED AMENDMENT TO TERM LOAN CREDIT AGREEMENT TO BORROW ADDITIONAL $20 MILLION FROM INITIAL LENDERS.SEARS HOLDINGS SAYS AMENDMENT, AMONG OTHER CHANGES, SEPARATES LOANS UNDER TERM LOAN FACILITY INTO TWO TRANCHES - SEC FILING.SEARS HOLDINGS CORP - THE LOANS UNDER THE TERM LOAN FACILITY MATURE ON JULY 20, 2020.SEARS HOLDINGS - PURSUANT TO AMENDMENT ALSO BORROWED FURTHER $60 MILLION FROM UNAFFILIATED LENDERS.  Full Article

Fairholme Capital Management LLC Reports 17.9 Pct Stake In Sears Holdings Corp As Of Nov 16
Thursday, 11 Jan 2018 06:12am EST 

Jan 11 (Reuters) - Sears Holdings Corp ::FAIRHOLME CAPITAL MANAGEMENT LLC REPORTS 17.9 PERCENT STAKE IN SEARS HOLDINGS CORP AS OF NOVEMBER 16 - SEC FILING.FAIRHOLME CAPITAL MANAGEMENT L.L.C. HAD EARLIER REPORTED 21.8 PERCENT STAKE IN SEARS HOLDINGS CORP AS OF NOVEMBER 1, 2017 - SEC FILING‍​.  Full Article

Sears Holdings Announces Plan To Enhance Liquidity And Accelerate Return To Profitability
Wednesday, 10 Jan 2018 07:00am EST 

Jan 10 (Reuters) - Sears Holdings Corp ::SEARS HOLDINGS ANNOUNCES PLAN TO ENHANCE LIQUIDITY AND ACCELERATE RETURN TO PROFITABILITY.RAISED $100 MILLION IN NEW FINANCING.HAS ALSO INITIATED SERIES OF FINANCIAL TRANSACTIONS TO RAISE AN INCREMENTAL $300 MILLION IN NEW LIQUIDITY.PURSUES AN ADDITIONAL $200 MILLION​ IN NEW FINANCING.SEARS HOLDINGS - AMENDED SECOND LIEN NOTES, MATURING OCTOBER 15, 2018, TO INCREASE BORROWING BASE ADVANCE RATE FOR INVENTORY, RESTART WITH Q2 OF 2018.SEARS HOLDINGS -‍​ PROGRESSING DISCUSSIONS ON ADDITIONAL TRANSACTIONS TO "ENHANCE LIQUIDITY AND STRENGTHEN BALANCE SHEET".OUTLINED INCREMENTAL ACTIONS TO FURTHER STREAMLINE OPERATIONS TO DRIVE PROFITABILITY.SEARS HOLDINGS - ACTIONS TO STREAMLINE OPERATIONS INCLUDE COST REDUCTIONS OF $200 MILLION ON ANNUALIZED BASIS IN 2018 UNRELATED TO STORE CLOSURES.SEARS HOLDINGS - AMENDED BORROWING BASE RELATING TO ITS SECOND LIEN NOTES, MATURING OCT 15, TO CHANGE ADVANCE RATE FOR INVENTORY TO 75% FROM 65%.ADJUSTED EBITDA IS EXPECTED TO BE BETWEEN NEGATIVE $10 MILLION TO NEGATIVE $70 MILLION FOR Q4 OF 2017.- EXPECT NET LOSS ATTRIBUTABLE TO SEARS HOLDINGS' SHAREHOLDERS OF BETWEEN $320 MILLION AND $200 MILLION IN Q4 OF 2017.COMPARABLE STORE SALES AT SEARS AND KMART FOR FIRST TWO MONTHS OF Q4 OF 2017 HAVE DECLINED IN RANGE OF 16%-17%.SEARS HOLDINGS - CONTINUING TO PURSUE SECURED CREDIT FACILITY, CONSISTING OF ABOUT $407 MILLION FIRST LIEN TRANCHE, SECOND LIEN TRANCHE OF UP TO $200 MILLION.  Full Article

Sears Says Entered Into Agreement To Extend Maturity Of Existing Term Loan To Jan 2019
Tuesday, 12 Dec 2017 05:00pm EST 

Dec 12 (Reuters) - Sears Holdings Corp ::SEARS HOLDINGS CORP - ENTERED INTO AGREEMENT TO EXTEND MATURITY OF ITS EXISTING TERM LOAN FROM JUNE 2018 TO JAN 2019.SEARS HOLDINGS CORP - ALSO INTENDS TO OBTAIN NEW SECURED CREDIT FACILITY.SEARS HOLDINGS CORP - INTENDS TO USE PROCEEDS FROM SECURED CREDIT FACILITY TO FUND PAYMENT OF ABOUT $407 MILLION INTO SEARS PENSION PLANS.  Full Article

Memento Recommends Sears To Consider Going Private
Thursday, 7 Dec 2017 07:45am EST 

Dec 7 (Reuters) - Sears Holdings Corp ::MEMENTO DELIVERS OPEN LETTER TO SEARS HOLDINGS BOARD.MEMENTO S.A. - RECOMMEND THAT SEARS HOLDINGS CORP'S BOARD CONSIDER STRATEGIC ALTERNATIVES SUCH AS GOING PRIVATE.MEMENTO S.A. - BELIEVE SEARS HOLDINGS' BOARD MUST FORM INDEPENDENT BOARD COMMITTEE TO LOOK AFTER EQUITY OWNERSHIP INTERESTS OF SHAREHOLDERS.MEMENTO S.A. - RECOMMEND SEARS HOLDING BOARD SEEK TEMPORARY RESTRICTION ON SHORT-SELLING IN ITS SHARES.MEMENTO S.A. - BELIEVE SEARS HOLDINGS' BOARD MUST SEEK AN SEC INVESTIGATION IN TO THE "POTENTIAL VIOLATIONS OF REGULATION SHO".  Full Article

BRIEF-Seritage Growth Properties- Sears Holdings Exercised Right Under Master Lease To Terminate Master Lease With Respect To 9 Unprofitable Stores

* SEARS HOLDINGS EXERCISED RIGHT UNDER MASTER LEASE TO TERMINATE MASTER LEASE WITH RESPECT TO 9 UNPROFITABLE STORES Source text: (https://bit.ly/2qu4ulG) Further company coverage: