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Yes, so that's my question, why do they expect this money losing retailer to turn around and not only stop losing money but also be able to pay back a $250M investment? Does Sears still own anything of value? Even if they own a lot of their stores, under today's retail climate I don't see that real estate being worth much.



There is probably well over $250m in inventory alone even if assessed at liquidation value. So it's probably a safe investment and the terms of the loan probably have liquidation preference.




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