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

“The sources cautioned that negotiations between Sears, Lampert and other potential sources of bankruptcy financing remained fluid and might not result in a deal” writes Midwest Communications Inc for 95kqds.com. A court hearing finalizing bankruptcy financing for Sears is expected during the week of Oct. 29.However, it isn’t clear whether Lampert can or is willing to provide financing to repay the banks lending Sears money in bankruptcy, the sources said.(Reuters) – 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.This would mean that Lampert would potentially be contributing to bankruptcy loans totaling $600 million, the sources said.
 
Source: 95kqds.com



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