Why ESL’s Sears Loan May Be Its Best Investment This Year

For ESL founder and Sears Holdings chairman Lampert, the terms of ESL’s $400 million loan to Sears may help shore up its losses — in Sears.

Edward Lampert the hedge fund manager appears to have done a good job negotiating with Edward Lampert the Sears Holdings Corp. chairman.

The manager of Bay Harbor, Florida–based hedge fund firm ESL Investments agreed to lend $400 million to Sears, the struggling cash-strapped retailer whose largest shareholders are ESL and Lampert.

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