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Sears Chairman Eddie Lampert Is Seeking Financing Options

by fortune.com posted 11months ago 55 views
He's reportedly seeking ways to save the company. : Sears chairman Eddie Lampert is working on a plan to fix the company that would center on him once again forking over cash to keep it afloat, according to a new report. Lampert’s hedge fund ESL Investments has held discussions with investment firm Cyrus Capital Partners about putting up some of the cash for a $300 million loan the company needs, Reuters is reporting, citing people who claim to have knowledge of those talks. It’s unknown how much of the $300 million they could put up.

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