Edition:
United Kingdom

Jessica DiNapoli

Sears investors claim hedge fund Cyrus improperly influencing credit market: letter

1:24am GMT

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.

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

19 Nov 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

16 Nov 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

14 Nov 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

14 Nov 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

05 Nov 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

26 Oct 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

22 Oct 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

16 Oct 2018

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

World News