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Big Lenders Make Push to Liquidate Sears

Sears Holdings Corp. met with a lenders Wednesday night to plead puncture financing for a embattled retailer, according to people informed with a matter. The assembly finished but an agreement that would keep Sears handling as a going concern, according to one of a people.

A organisation of lenders, including Bank of America Corp., Wells Fargo Co. and Citigroup Inc., are pulling for a association to repay a resources underneath a section 7 failure filing, as against to reorganizing a business underneath section 11,…

Article source: https://www.wsj.com/articles/big-lenders-make-push-to-liquidate-sears-1539257424

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