Lampert’s $5.2 billion Sears deal gets backing from Bank of America, Citigroup

Sears Chairman Edward Lampert will finance his winning $5.2 billion bid to salvage the retailer in part with $850 million from a new asset-based loan, according to a regulatory filing Friday.

The deal by Lampert’s ESL Investments hedge fund will also be financed by ESL’s forgiving $1.3 billion…

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