Sears Secures Additional Bankruptcy Financing - Articles

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Posted by: Chelsea Bennett on Nov 28, 2018

Sears secured a $350 million bankruptcy financing deal with Cyrus Capital Partners LP, Reuters reports. The U.S. Bankruptcy Court for the Southern District of New York approved the deal on Tuesday. This will allow the retailer to continue operating during the crucial holiday time while the company continues to reorganize. Sears has secured a total of $650 million in financing since filing for bankruptcy protection in October.