NEW YORK Investors who bought insurance meant to mitigate losses from Sears Holdings Corp's bankruptcy proceedings are claiming that a hedge fund that sold the insurance is improperly influencing market proceedings, according to a letter seen by Reuters.
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
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.
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.
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 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.
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.
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.
A bankruptcy judge on Monday approved $300 million (£228.1 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