Press Releases

Sears Holdings Enters Into Plan Protection Arrangement With PBGC


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.