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The company has staved off death by borrowing money, but how long can that last? 28 at .18 and rallied on the news of the new line of available borrowing to close the next day at , a 10% gain. The company posted a loss of 8 million in its fiscal third quarter this year, up from a 4 million loss in Q3 2015.

Daniel Kline has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. has received another lifeline courtesy of CEO Eddie Lampert.

The struggling retailer said it has received loan, called a secured letter of credit, for 0 million, with an option to expand the amount to as much as 0 million with the consent of lenders.

Over the past two years, Lampert and his hedge fund have loaned Sears more than 0 million — not including this most recent cash infusion — to keep the chain in operation, according to Business Insider. The Sears anchor store at the Charleston Town Center will close in mid-April, Sears spokesman Howard Riefs confirmed Wednesday.At that time, there were reportedly multiple companies interested, with bids expected in November.That never materialized, which suggests that either the offers were not high enough or none were made.This money, which is actually just a promise of funds designed to convince vendors to keep supplying the company, represents only a small piece of what Sears Holdings needs to make it through the year.The chain must raise about

Over the past two years, Lampert and his hedge fund have loaned Sears more than $800 million — not including this most recent cash infusion — to keep the chain in operation, according to Business Insider. The Sears anchor store at the Charleston Town Center will close in mid-April, Sears spokesman Howard Riefs confirmed Wednesday.

At that time, there were reportedly multiple companies interested, with bids expected in November.

That never materialized, which suggests that either the offers were not high enough or none were made.

This money, which is actually just a promise of funds designed to convince vendors to keep supplying the company, represents only a small piece of what Sears Holdings needs to make it through the year.

The chain must raise about $1.5 billion to make it though 2017 comfortably, according to Moody's Analyst Christina Boni, as reported by Bloomberg.

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Over the past two years, Lampert and his hedge fund have loaned Sears more than $800 million — not including this most recent cash infusion — to keep the chain in operation, according to Business Insider. The Sears anchor store at the Charleston Town Center will close in mid-April, Sears spokesman Howard Riefs confirmed Wednesday.At that time, there were reportedly multiple companies interested, with bids expected in November.That never materialized, which suggests that either the offers were not high enough or none were made.This money, which is actually just a promise of funds designed to convince vendors to keep supplying the company, represents only a small piece of what Sears Holdings needs to make it through the year.The chain must raise about $1.5 billion to make it though 2017 comfortably, according to Moody's Analyst Christina Boni, as reported by Bloomberg.

.5 billion to make it though 2017 comfortably, according to Moody's Analyst Christina Boni, as reported by Bloomberg.

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It was the first mechanically ventilated underwater vehicular tunnel, and it was also the first Hudson River crossing in New York City.