Today's competitive retail landscape has lead to mega-mergers between some of the oldest retailers in the US: Kmart and Sears. Before the technical issues of merging disparate supply chain systems can be addressed, these giants first had had to get their business "housekeeping" in order.
loan to pay off debt
a $4 billion (USD) loan for capital to be used once during its $11 billion (USD) deal to buy Sears. The loan will be effective when Kmart buys retailer Sears, and the money will be available for five years to pay for working capital needs, capital expenditures, acquisitions, and other general corporate purposes. Banks providing money for the loan include JPMorgan Chase , Citigroup, and Bank of America . Federated/May Merger Details Beside Kmart and Sears, it appears that many other retailers, especially