(Bloomberg)—As Sears Holdings goes through bankruptcy, retail landlords wondering how they could be impacted might want to look at a 2015 deal. Mall owner Macerich struck an agreement that year with ...
(Bloomberg)—Sears Holdings Corp. continues to clean house, announcing plans to shutter an additional 46 unprofitable stores in November. The struggling chain informed workers at the impacted stores ...
“The closings are going to have a meaningful impact on CMBS deals with significant exposure to Sears and Kmart, as an economic impairment to these securities will be felt should these underlying loans ...
The problem is that the cash boon for shareholders, many argue, only comes at the expense of the value available to bondholders. Lesya Paisley, a portfolio manager at Aberdeen Asset Management PLC, ...