A New York-based private equity group is betting big on Sears, after Edward Lampert’s multibillion-dollar takeover of the ailing retailer from bankruptcy earlier this year. HPS Investment Partners, a former subsidiary of JPMorgan, led a group of investors in providing Sears with an $800 million refinancing package, secured by a national portfolio of Sears and Kmart stores, The Real Deal has learned. The deal closed in April and was recently filed in public records. HPS […]
source https://therealdeal.com/chicago/2019/05/02/new-york-private-equity-group-leads-800m-refi-for-sears/#new_tab
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