https://finance.yahoo.com/m/60bfe557-380c-3ba2-aa6d-249c1c5bc323/ss_sears-adds-more-time-to-its.html
"The announcements come as Sears disclosed that same-store sales at its chains declined between 12 percent and 13 percent in the first two months of the holiday quarter. "
Most of the second loan is going to disappear to the annual pension payment and property taxes. It won't help with operating loses. That's why 300+ M was already gone from the second loan when it was issued.
the 4th quarter loss should be around $1 billion- so thats all of the loans Eddie has made done already, with the craftsmen cash going to the pbgc they already need more money- this year sears should lose around $3 billion. But it wont see the year out.
Ouch. They are finished.