Press Releases

Sears Holdings Enters Into Plan Protection Arrangement With PBGC

09/08/2015

Sears Holdings Corporation has announced that it has been in discussions with the Pension Benefit Guaranty Corporation with respect to the Company’s rights offering and sale-leaseback transaction with Seritage Growth Properties and the Company has entered into a binding term sheet for a five-year agreement with PBGC, subject to entry into definitive documentation in the next 60 days.