GE Capital Co-Leads $4 Billion Loan for Sears Holdings Corporation

NORWALK, Conn. - GE Capital, Corporate Retail Finance today announced it co-led a $4 billion asset-based credit facility for Sears Holdings Corp., a leading retailer operating more than 3,800 stores throughout the U.S. and Canada. The loan will be used for working capital needs. GE Capital Markets served as joint lead arranger.

Based in Hoffman Estates, IL, Sears Holdings Corp. is a leading retailer of home appliances, tools, lawn and garden products, home electronics and automotive repair and maintenance. The company operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation.

“GE worked closely with us to structure a loan to fully meet our needs,” said Michael D. Collins, senior vice president and CFO for Sears Holdings Corp. “Their retail experience allowed them to understand our business and make a significant financial commitment.”

“We’re pleased to be able to provide $400 million to Sears in this transaction, making the largest contribution of new capital to the company and demonstrating how retailers benefit from working with a retail-focused lending team,” said Jim Hogan, managing director of GE Capital, Corporate Retail Finance. “Even in this challenging environment, retailers with strong business models can access the capital they require to help meet their business objectives.”

About GE Capital, Corporate Retail Finance

GE Capital, Corporate Retail Finance is a leading provider of senior secured loans to retailers, primarily in the U.S., to support working capital, growth, acquisitions and more. Visit gelending.com/clnews.

GE Capital offers consumers and businesses around the globe an array of financial products and services. GE (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world’s toughest problems. For more information, visit the company’s Web site at ge.com.