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Sears gets loan to stay open for holidays

(NBC15)
Published: Nov. 28, 2018 at 9:30 PM EST
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Sears is getting a lifeline, the struggling retailer is getting approval for a $350 million loan.

That's enough to keep the bankrupt department store chain operating through the holidays, the funding will reportedly come from Cyprus Capital Partners.

As part of its bankruptcy deal, the once iconic retail chain said it would close more than 170 of its 700 stores by the end of the year.