Kmart obtains approval to amend credit facility covenants

New York, Aug. 29 - Kmart Corp. said it obtained approval from its bank lenders and the U.S. Bankruptcy Court for the Northern District of Illinois to amend its $2 billion debtor-in-possession credit facility.

The changes adjust EBITDA covenants to give the company additional flexibility and better reflect its sales performance since its Chapter 11 filing, Kmart said.

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