Sears Holdings – Unsecured Creditors Objects to DIP Financing, Debtors’ “Unlawful Roll Up” of Prepetition Debt

November 26, 2018 – The Debtors’ Committee of Unsecured Creditors (the “Committee”) objected to the Debtors’ DIP financing motion [Docket No. 872]. The objection [Docket No. 884] states, “[The Committee objects to] (i) the Debtors’ request to impose on their estates and their unsecured creditors a 5:1 Roll Up of prepetition secured debt to maximum…