One of the agreements allows Sears the option to further extend the maturity of a loan to July 2018.
Retail and apparel shares generally were down in mid-day trading.
The Sears chairman and ceo dismisses doom and gloom reports and talks up Shop Your Way.
Many of the most-troubled retailers today have been hampered by debt tied to deals with private equity.
Investors remain wary of Sears despite plans to create another $250 million in annual savings.
The brand’s new leader is looking to “rejuvenate” business with new product assortments and a bigger focus on catalog and e-commerce.
The Cut will take up to 40,000 square feet in each of the company’s stores.