Sears Holding announces liquidity actions

HOFFMAN ESTATES, Ill. — Sears Holding Co., the parent company of Kmart Corp., announced a number of liquidity actions in order to increase financial flexibility in a Dec. 12 release. The company announced an agreement to extend the maturity of an existing $725 million term loan from June 2018 to January 2019, with the option to extend to July 2019, as the result of a $325 million payment.

  The company further announced its intention to obtain a new secured credit facility with a $407 million first lien tranche and a second lien tranche of up to $200 million, the net . . .

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