Edition:
United States

Jessica DiNapoli

Hedge fund Solus looks to raise $750 mln fund -source

Nov 19 2018

NEW YORK, Nov 19 Solus Alternative Asset Management LP is launching a $750 million fund focused on distressed and stressed investment opportunities, according to a person familiar with the matter and a letter to investors Reuters reviewed.

Bankrupt Sears wins court approval for plans to sell stores

Nov 15 2018

WHITE PLAINS, N.Y. Sears Holdings Corp won U.S. bankruptcy court approval on Thursday to move forward with plans to stay in business and sell itself, even as it continues to evaluate offers to liquidate its business.

Exclusive: Sears finalizing $350 million bankruptcy loan with Great American - sources

Nov 14 2018

Sears Holdings Corp is finalizing a deal with financial firm Great American Capital Partners and other lenders for $350 million in critical bankruptcy financing that would keep the U.S. retailer open through the holidays, people familiar with the matter said on Wednesday.

Exclusive: Sears finalising $350 million bankruptcy loan with Great American - sources

Nov 14 2018

NEW YORK Sears Holdings Corp is finalising a deal with financial firm Great American Capital Partners and other lenders for $350 million in bankruptcy financing that would keep the retailer open through the holiday season while it attempts to reorganize, people familiar with the matter said on Wednesday.

Sears, chairman, lenders seek bankruptcy loan breakthrough: sources

Nov 05 2018

Sears Holdings Corp is in discussions with Chairman Eddie Lampert and lenders on a deal to expand a bankruptcy financing package that would help it avoid liquidation, people familiar with the matter said.

Sears directors tap Evercore to examine former CEO Lampert's deals -sources

Oct 26 2018

Two Sears Holdings Corp board directors have hired investment bank Evercore Inc to scrutinize deals that were led by former Sears Chief Executive Eddie Lampert with the U.S. retailer before it filed for bankruptcy protection, people familiar with the matter said on Friday.

Exclusive: Sears chairman Lampert seeks partner for bankruptcy financing - sources

Oct 22 2018

Sears Holdings Corp Chairman Eddie Lampert is in discussions with at least one potential partner to contribute to a $300 million bankruptcy loan the U.S. retailer is seeking, people familiar with the matter said on Sunday.

Bankruptcy judge approves financing to keep Sears open

Oct 15 2018

A bankruptcy judge on Monday approved $300 million in financing to keep department store chain Sears Holdings Corp open through the holiday season, giving the century-old retailer that once dominated U.S. shopping malls a chance to remain in business. | Video

Exclusive: Sears CEO steps in for bankruptcy financing - sources

Oct 14 2018

Sears Holdings Corp CEO Eddie Lampert has stepped in to contribute towards a financing package of between $500 million and $600 million that the U.S. department store operator was close to securing on Sunday to fund operations during bankruptcy proceedings, people familiar with the matter said.

World News

Myanmar court allows jailed Reuters reporters' appeal to proceed: lawyer

Myanmar's High Court has allowed an appeal to proceed in the case of two Reuters reporters jailed for seven years on charges of breaking the country's Official Secrets Act, defense lawyers said on Tuesday.The appeal against the conviction, filed earlier this month, cited evidence of a police set-up and lack of proof of a crime. The lawyers did not specify when the Yangon-based court made its decision and there was no formal announcement from the court. Reuters was unable to co