... If true; this might be the oddest bankruptcy filing ever.
Lampert has (reportedly) proposed to offer approx. $500 million dollars of the DIP through his ESL hedge fund.
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Can't get enough from the banks, sad.
https://www.reuters.com/article/us-sears-bankruptcy-lampert-exclusive/exclusive-sears-ceo-steps-in-for-bankruptcy-financing-sources-idUSKCN1MP04L
Reuters.
You heard wrong. It's $500 million in shop your way points
He needs to let it go. This is depressing for all involved.