BRIEF-ESL Investments Completes Acquisition Of Sears Holdings’ Assets

Feb 11 (Reuters) - Sears Holdings Corp:

* ESL INVESTMENTS COMPLETES ACQUISITION OF SEARS HOLDINGS’ ASSETS

* ESL INVESTMENTS - NEW SEARS WILL COMPRISE 223 SEARS AND 202 KMART STORES, ALONG WITH PROMINENT BRANDS AND OPERATING BUSINESSES

* ESL - AS OF CLOSING OF ACQUISITION, NEW SEARS HAD MORE THAN $400 MILLION IN EXCESS AVAILABILITY ON ITS NEW ASSET-BACKED CREDIT FACILITY

* ESL INVESTMENTS - SEARS OPERATIONS TO CONTINUE IN NORMAL COURSE

* ESL INVESTMENTS SAYS NEW SEARS HAS A PLAN TO BE EBITDA POSITIVE IN FISCAL 2019.

* ESL - NEW SEARS TO BE LED BY MANAGEMENT TEAM THAT CONSTITUTED OFFICE OF CHIEF EXECUTIVE OF SEARS HOLDINGS, CONSISTING ROBERT A. RIECKER, CFO, OTHERS

* ESL INVESTMENTS - NEW SEARS INTENDS TO CONDUCT A SEARCH FOR A CHIEF EXECUTIVE OFFICER Source text for Eikon: Further company coverage:

02/11/2019 18:19

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