Sears Holdings – Gets Interim Approval on DIP Financing, Access to $300 million of Incremental Borrowings

October 16, 2018 – The Court hearing the Sears Holdings case approved the Debtors’ interim request to (i) borrow pursuant to the terms of a senior secured superpriority priming non-amortizing debtor-in-possession (“DIP”) asset-based credit facility (the “DIP ABL Facility”), in an aggregate principal amount of up to $1,830,378,380 billion on the terms and conditions set…