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BRIEF-Sears Canada enters into credit agreement

Published 2017-03-21, 09:32 a/m
© Reuters.  BRIEF-Sears Canada enters into credit agreement
SCC
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March 21 (Reuters) - Sears Canada Inc SCC.TO :

* Sears Canada enters into credit agreement

* Sears Canada - entered a credit agreement with KKR Capital Markets Llc and GACP Finance Co., Llc for five-year secured term loan of up to $300 million

* Sears Canada Inc- loan is available in two tranches

* Sears Canada Inc - first tranche of $125 million has been drawn in full today

* Sears Canada Inc - second delayed-draw tranche of up to an additional $175 million may be drawn at corporation's option Source text for Eikon: ID:nCNWcL8KCa Further company coverage: SCC.TO

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