Sears Holdings (Corp) Seeks Funds From Lampert For Third Time In 2 Months

Sears Holdings Corp (NASDAQ:SHLD) plans to raise up to $625 million in debt through an offering of 8% senior notes and warrants, as the struggling retailer attempts to shore up its balance sheet ahead of the holiday season. With 48.5% of the retailer’s stock controlled by CEO Edward Lampert, the latest announcement marks the third time in two months that the billionaire has agreed to pump funds into the struggling retailer. Terms of Sears Holdings’ debt offering Sears Holdings Corp (NASDAQ:SHLD) said in its filings Monday that it anticipates raising at least $303 million from the hedge fund run by Mr….