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EagleBank Presents: 15 Things You Need to Know

Washington, D.C. Morning Brief Washington DC

Washington, D.C. Morning Brief

August 2, 2018 Bisnow

EagleBank Presents: 15 Things You Need to Know

Sears Gets Big Break With $2B Loan From

Warren Buffett's Berkshire Hathaway

Warren Buffett's Berkshire Hathaway has agreed to lend $2B to Seritage Growth Properties, the real estate spinoff of Sears Holding Co. Sears Holding, facing major debt issues, defaulted on a $500M loan earlier this year. Berkshire Hathaway's $2B credit loan, separated into a $1.6B fixed-rate loan and an additional $400M Sears can take out until 2023, will go toward paying off other debt Sears has accrued.

15 OTHER THINGS YOU NEED TO KNOW

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