Sears to repay $1.9 billion in revolver borrowings this month

By Sara Rosenberg

New York, Dec. 2 - Sears Holding Corp. plans on repaying its $1.9 billion in revolving credit facility borrowings during the month of December, according to a 10-Q filed with the Securities and Exchange Commission on Tuesday.

However, the company plans on drawing on the revolver again in January.

In addition, the company said that Lehman Brothers has a $207 million total commitment in its $4 billion revolver, but since Sept. 17, it has not funded its proportionate share of borrowings.

Sears is a Hoffman Estates, Ill.-based broadline retailer.

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