Sears Hometown Stores repays revolver, terminates agreement

By Wendy Van Sickle

Columbus, Ohio, Oct. 23 – Sears Hometown Stores, Inc., formerly known as Sears Hometown and Outlet Stores, Inc., repaid all amounts outstanding under its senior revolving credit facility on Wednesday in connection with the sale of its Sears Outlet and Buddy’s Home Furnishing Stores businesses, according to an 8-K filing with the Securities and Exchange Commission.

The credit agreement, with Bank of America, NA as administrative agent, was terminated, although a $7,249,867 letter of credit remains in effect.

The retailer is based in Hoffman Estates, Ill.

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