Sears Canada completes C$800 million asset-based revolving loan

By Sara Rosenberg

New York, Sept. 17 - Sears Canada Inc. closed on a new C$800 million asset-based revolving credit facility, according to a news release.

GE Capital Markets was the co-lead arranger on the deal.

Proceeds will be used for working capital and general corporate purposes.

Sears Canada is a Toronto-based multi-channel retailer.

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