Author Topic: SHLD - Sears  (Read 2519290 times)

BeerBBQ

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Re: SHLD - Sears
« Reply #9100 on: December 01, 2017, 06:31:08 AM »
Is that language related to the term loans, the 6 5/8 debt or both?


BeerBBQ

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Re: SHLD - Sears
« Reply #9101 on: December 04, 2017, 07:49:29 AM »
Anybody buying the 2018 6 5/8 debt here?

Looks they are trying to extend the maturity of the 2018 term loan that matures in June.  I think all of the other debt that matures in front of the 6 5/8 notes is basically the loans controlled by Lampert and backed by real estate.  Why wouldn't those loans get refinanced/maturities extended/paid off with real estate sales and clear pathway for the $300M of notes to get paid in October?

sampr01

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Re: SHLD - Sears
« Reply #9102 on: December 04, 2017, 08:28:57 AM »
Few 18 and lot of 19's..

Anybody buying the 2018 6 5/8 debt here?

Looks they are trying to extend the maturity of the 2018 term loan that matures in June.  I think all of the other debt that matures in front of the 6 5/8 notes is basically the loans controlled by Lampert and backed by real estate.  Why wouldn't those loans get refinanced/maturities extended/paid off with real estate sales and clear pathway for the $300M of notes to get paid in October?

doughishere

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Re: SHLD - Sears
« Reply #9103 on: December 07, 2017, 08:57:23 AM »
https://www.reuters.com/article/us-sears-memento/sears-investor-urges-company-to-explore-going-private-idUSKBN1E11QT

I think a cobf member was just advertising a job for the same firm. If I'm not mistaken.


Anyone know how the Spadones made their money?
« Last Edit: December 07, 2017, 08:58:54 AM by doughishere »

frugalchief

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Matson125

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Re: SHLD - Sears
« Reply #9105 on: January 06, 2018, 10:55:42 AM »
"Vornado, meanwhile, recently paid roughly $46 million to Kmart whose department store occupies about 30,000 square feet on the ground, mezzanine and lower-level of the building"


https://therealdeal.com/2018/01/04/vornado-has-plans-to-clear-out-more-space-for-facebook-in-midtown-south-sources/

Greyhound

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Re: SHLD - Sears
« Reply #9106 on: January 07, 2018, 09:47:25 AM »
"Vornado, meanwhile, recently paid roughly $46 million to Kmart whose department store occupies about 30,000 square feet on the ground, mezzanine and lower-level of the building"


https://therealdeal.com/2018/01/04/vornado-has-plans-to-clear-out-more-space-for-facebook-in-midtown-south-sources/

That's $1500 PSF to buy out a lease

merkhet

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Re: SHLD - Sears
« Reply #9107 on: January 07, 2018, 10:07:30 AM »
"Vornado, meanwhile, recently paid roughly $46 million to Kmart whose department store occupies about 30,000 square feet on the ground, mezzanine and lower-level of the building"


https://therealdeal.com/2018/01/04/vornado-has-plans-to-clear-out-more-space-for-facebook-in-midtown-south-sources/

That's $1500 PSF to buy out a lease

Well, the location of that store is absolutely incredible...

Matson125

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Re: SHLD - Sears
« Reply #9108 on: January 07, 2018, 11:21:37 AM »
"Vornado, meanwhile, recently paid roughly $46 million to Kmart whose department store occupies about 30,000 square feet on the ground, mezzanine and lower-level of the building"


https://therealdeal.com/2018/01/04/vornado-has-plans-to-clear-out-more-space-for-facebook-in-midtown-south-sources/

That's $1500 PSF to buy out a lease

Well, the location of that store is absolutely incredible...

The Kmart store occupies 150,000 sq ft. according to the Astor Place website

http://astorplace.nyc/directory/kmart


« Last Edit: January 07, 2018, 11:48:07 AM by Matson125 »

merkhet

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Re: SHLD - Sears
« Reply #9109 on: January 07, 2018, 12:17:04 PM »
I think 150,000 sq. ft. probably correct...