By  on April 21, 2008

Sears Holding Corp. said Friday Bank of America would not renew its $1 billion secured credit facility, but maintained there would be no impact on liquidity, according to a filing with the Securities and Exchange Commission.

Sears has only $1.6 million in outstanding letters of credit under the facility, which is scheduled to end in July.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus