SC 13D/A 1 d666424dsc13da.htm SC 13D/AMENDMENT NO. 72 SC 13D/Amendment No. 72

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 72) *

 

 

Sears Holdings Corporation

(Name of Issuer)

Common Shares

(Title of Class of Securities)

812350106

(CUSIP Number)

Janice V. Sharry, Esq.

Haynes and Boone, LLP

2323 Victory Avenue, Suite 700

Dallas, Texas 75219

(214) 651-5000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

December 5, 2018

(Date of Event which Requires Filing of this Statement)

 

 

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ☐

 

 

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.

 

 

 

*

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 

 

 


CUSIP No. 812350106

 

  1.       

   Names of Reporting Persons.

 

  ESL Partners, L.P.

  2.      

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☒        (b)  ☐

 

  3.      

  SEC Use Only

 

  4.      

  Source of Funds (See Instructions)

 

  OO

  5.      

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.      

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With

    7.     

  Sole Voting Power

 

  52,570,010 (1)

  8.     

  Shared Voting Power

 

  0

  9.     

  Sole Dispositive Power

 

  52,570,010 (1)

  10.     

  Shared Dispositive Power

 

  105,137,867 (2)

11.      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  157,707,877 (1)(2)

12.      

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.      

  Percent of Class Represented by Amount in Row (11)

 

  74.1% (3)

14.      

   Type of Reporting Person (See Instructions)

 

  PN

 

(1)

Includes 4,808,465 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Warrants held by Partners, 702,741 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Senior Secured Convertible PIK Toggle Notes held by Partners, 6,480,427 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Senior Unsecured Convertible PIK Toggle Notes held by Partners, and 20,385,863 shares of Holdings Common Stock that JPP II has the right to acquire within 60 days pursuant to the Second Lien Term Loan.


(2)

Includes 33,675,360 shares of Holdings Common Stock held by Mr. Lampert, 6,328,688 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Warrants held by Mr. Lampert, 3,566,648 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Senior Secured Convertible PIK Toggle Notes held by Mr. Lampert, 16,937,419 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Senior Unsecured Convertible PIK Toggle Notes held by Mr. Lampert, and 44,629,752 shares of Holdings Common Stock that JPP has the right to acquire within 60 days pursuant to the Second Lien Term Loan.

(3)

Based upon 108,992,750 shares of Holdings Common Stock outstanding as of September 7, 2018, as disclosed in Holdings’ Quarterly Report on Form 10-Q for the quarterly period ended August 4, 2018, that was filed by Holdings with the SEC on September 13, 2018, 4,808,465 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Warrants held by Partners, 702,741 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Senior Secured Convertible PIK Toggle Notes held by Partners, 6,480,427 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Senior Unsecured Convertible PIK Toggle Notes held by Partners, 20,385,863 shares of Holdings Common Stock that JPP II has the right to acquire within 60 days pursuant to the Second Lien Term Loan, 44,629,752 shares of Holdings Common Stock that JPP has the right to acquire within 60 days pursuant to the Second Lien Term Loan, 6,328,688 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Warrants held by Mr. Lampert, 3,566,648 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Senior Secured Convertible PIK Toggle Notes held by Mr. Lampert, and 16,937,419 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Senior Unsecured Convertible PIK Toggle Notes held by Mr. Lampert.


CUSIP No. 812350106

 

  1.       

   Names of Reporting Persons.

 

  JPP II, LLC

  2.      

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☒        (b)  ☐

 

  3.      

  SEC Use Only

 

  4.      

  Source of Funds (See Instructions)

 

  OO

  5.      

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.      

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With

    7.     

  Sole Voting Power

 

  20,385,863 (1)

  8.     

  Shared Voting Power

 

  0

  9.     

  Sole Dispositive Power

 

  20,385,863 (1)

  10.     

  Shared Dispositive Power

 

  44,629,752 (2)

11.      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  65,015,615 (1)(2)

12.      

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.      

  Percent of Class Represented by Amount in Row (11)

 

  37.4% (3)

14.      

   Type of Reporting Person (See Instructions)

 

  OO

 

(1)

Includes 20,385,863 shares of Holdings Common Stock that JPP II has the right to acquire within 60 days pursuant to the Second Lien Term Loan.


(2)

Includes 44,629,752 shares of Holdings Common Stock that JPP has the right to acquire within 60 days pursuant to the Second Lien Term Loan.

(3)

Based upon 108,992,750 shares of Holdings Common Stock outstanding as of September 7, 2018, as disclosed in Holdings’ Quarterly Report on Form 10-Q for the quarterly period ended August 4, 2018, that was filed by Holdings with the SEC on September 13, 2018, 20,385,863 shares of Holdings Common Stock that JPP II has the right to acquire within 60 days pursuant to the Second Lien Term Loan, and 44,629,752 shares of Holdings Common Stock that JPP has the right to acquire within 60 days pursuant to the Second Lien Term Loan.


CUSIP No. 812350106

 

  1.       

   Names of Reporting Persons.

 

  SPE I Partners, LP

  2.      

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☒        (b)  ☐

 

  3.      

  SEC Use Only

 

  4.      

  Source of Funds (See Instructions)

 

  OO

  5.      

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.      

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With

    7.     

  Sole Voting Power

 

  150,124

  8.     

  Shared Voting Power

 

  0

  9.     

  Sole Dispositive Power

 

  150,124

  10.     

  Shared Dispositive Power

 

  0

11.      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  150,124

12.      

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.      

  Percent of Class Represented by Amount in Row (11)

 

  0.1% (1)

14.      

   Type of Reporting Person (See Instructions)

 

  PN

 

(1)

Based upon 108,992,750 shares of Holdings Common Stock outstanding as of September 7, 2018, as disclosed in Holdings’ Quarterly Report on Form 10-Q for the quarterly period ended August 4, 2018, that was filed by Holdings with the SEC on September 13, 2018.


CUSIP No. 812350106

 

  1.       

   Names of Reporting Persons.

 

  SPE Master I, LP

  2.      

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☒        (b)  ☐

 

  3.      

  SEC Use Only

 

  4.      

  Source of Funds (See Instructions)

 

  OO

  5.      

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.      

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With

    7.     

  Sole Voting Power

 

  193,341

  8.     

  Shared Voting Power

 

  0

  9.     

  Sole Dispositive Power

 

  193,341

  10.     

  Shared Dispositive Power

 

  0

11.      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  193,341

12.      

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.      

  Percent of Class Represented by Amount in Row (11)

 

  0.2% (1)

14.      

   Type of Reporting Person (See Instructions)

 

  PN

 

(1)

Based upon 108,992,750 shares of Holdings Common Stock outstanding as of September 7, 2018, as disclosed in Holdings’ Quarterly Report on Form 10-Q for the quarterly period ended August 4, 2018, that was filed by Holdings with the SEC on September 13, 2018.


CUSIP No. 812350106

 

  1.       

   Names of Reporting Persons.

 

  RBS Partners, L.P.

  2.      

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☒        (b)  ☐

 

  3.      

  SEC Use Only

 

  4.      

  Source of Funds (See Instructions)

 

  OO

  5.      

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.      

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With

    7.     

  Sole Voting Power

 

  52,913,475 (1)

  8.     

  Shared Voting Power

 

  0

  9.     

  Sole Dispositive Power

 

  52,913,475 (1)

  10.     

  Shared Dispositive Power

 

  105,137,867 (2)

11.      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  158,051,342 (1)(2)

12.      

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.      

  Percent of Class Represented by Amount in Row (11)

 

  74.3% (3)

14.      

   Type of Reporting Person (See Instructions)

 

  PN

 

(1)

Includes 4,808,465 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Warrants held by Partners, 702,741 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Senior Secured Convertible PIK Toggle Notes held by Partners, 6,480,427 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Senior Unsecured Convertible PIK Toggle Notes held by Partners, and 20,385,863 shares of Holdings Common Stock that JPP II has the right to acquire within 60 days pursuant to the Second Lien Term Loan.


(2)

Includes 33,675,360 shares of Holdings Common Stock held by Mr. Lampert, 6,328,688 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Warrants held by Mr. Lampert, 3,566,648 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Senior Secured Convertible PIK Toggle Notes held by Mr. Lampert, 16,937,419 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Senior Unsecured Convertible PIK Toggle Notes held by Mr. Lampert, and 44,629,752 shares of Holdings Common Stock that JPP has the right to acquire within 60 days pursuant to the Second Lien Term Loan.

(3)

Based upon 108,992,750 shares of Holdings Common Stock outstanding as of September 7, 2018, as disclosed in Holdings’ Quarterly Report on Form 10-Q for the quarterly period ended August 4, 2018, that was filed by Holdings with the SEC on September 13, 2018, 4,808,465 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Warrants held by Partners, 702,741 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Senior Secured Convertible PIK Toggle Notes held by Partners, 6,480,427 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Senior Unsecured Convertible PIK Toggle Notes held by Partners, 20,385,863 shares of Holdings Common Stock that JPP II has the right to acquire within 60 days pursuant to the Second Lien Term Loan, 44,629,752 shares of Holdings Common Stock that JPP has the right to acquire within 60 days pursuant to the Second Lien Term Loan, 6,328,688 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Warrants held by Mr. Lampert, 3,566,648 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Senior Secured Convertible PIK Toggle Notes held by Mr. Lampert, and 16,937,419 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Senior Unsecured Convertible PIK Toggle Notes held by Mr. Lampert.


CUSIP No. 812350106

 

  1.       

   Names of Reporting Persons.

 

  ESL Investments, Inc.

  2.      

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☒        (b)  ☐

 

  3.      

  SEC Use Only

 

  4.      

  Source of Funds (See Instructions)

 

  OO

  5.      

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.      

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With

    7.     

  Sole Voting Power

 

  52,913,475 (1)

  8.     

  Shared Voting Power

 

  0

  9.     

  Sole Dispositive Power

 

  52,913,475 (1)

  10.     

  Shared Dispositive Power

 

  105,137,867 (2)

11.      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  158,051,342 (1)(2)

12.      

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.      

  Percent of Class Represented by Amount in Row (11)

 

  74.3% (3)

14.      

   Type of Reporting Person (See Instructions)

 

  CO

 

(1)

Includes 4,808,465 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Warrants held by Partners, 702,741 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Senior Secured Convertible PIK Toggle Notes held by Partners, 6,480,427 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Senior Unsecured Convertible PIK Toggle Notes held by Partners, and 20,385,863 shares of Holdings Common Stock that JPP II has the right to acquire within 60 days pursuant to the Second Lien Term Loan.


(2)

Includes 33,675,360 shares of Holdings Common Stock held by Mr. Lampert, 6,328,688 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Warrants held by Mr. Lampert, 3,566,648 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Senior Secured Convertible PIK Toggle Notes held by Mr. Lampert, 16,937,419 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Senior Unsecured Convertible PIK Toggle Notes held by Mr. Lampert, and 44,629,752 shares of Holdings Common Stock that JPP has the right to acquire within 60 days pursuant to the Second Lien Term Loan.

(3)

Based upon 108,992,750 shares of Holdings Common Stock outstanding as of September 7, 2018, as disclosed in Holdings’ Quarterly Report on Form 10-Q for the quarterly period ended August 4, 2018, that was filed by Holdings with the SEC on September 13, 2018, 4,808,465 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Warrants held by Partners, 702,741 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Senior Secured Convertible PIK Toggle Notes held by Partners, 6,480,427 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Senior Unsecured Convertible PIK Toggle Notes held by Partners, 20,385,863 shares of Holdings Common Stock that JPP II has the right to acquire within 60 days pursuant to the Second Lien Term Loan, 44,629,752 shares of Holdings Common Stock that JPP has the right to acquire within 60 days pursuant to the Second Lien Term Loan, 6,328,688 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Warrants held by Mr. Lampert, 3,566,648 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Senior Secured Convertible PIK Toggle Notes held by Mr. Lampert, and 16,937,419 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Senior Unsecured Convertible PIK Toggle Notes held by Mr. Lampert.


CUSIP No. 812350106

 

  1.       

   Names of Reporting Persons.

 

  JPP, LLC

  2.      

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☒        (b)  ☐

 

  3.      

  SEC Use Only

 

  4.      

  Source of Funds (See Instructions)

 

  OO

  5.      

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.      

  Citizenship or Place of Organization

 

  Delaware

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With

    7.     

  Sole Voting Power

 

  44,629,752 (1)

  8.     

  Shared Voting Power

 

  0

  9.     

  Sole Dispositive Power

 

  0

  10.     

  Shared Dispositive Power

 

  44,629,752 (1)

11.      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  44,629,752 (1)

12.      

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.      

  Percent of Class Represented by Amount in Row (11)

 

  29.1% (2)

14.      

   Type of Reporting Person (See Instructions)

 

  OO

 

(1)

Includes 44,629,752 shares of Holdings Common Stock that JPP has the right to acquire within 60 days pursuant to the Second Lien Term Loan.


(2)

Based upon 108,992,750 shares of Holdings Common Stock outstanding as of September 7, 2018, as disclosed in Holdings’ Quarterly Report on Form 10-Q for the quarterly period ended August 4, 2018, that was filed by Holdings with the SEC on September 13, 2018, and 44,629,752 shares of Holdings Common Stock that JPP has the right to acquire within 60 days pursuant to the Second Lien Term Loan.


CUSIP No. 812350106

 

  1.       

   Names of Reporting Persons.

 

  Edward S. Lampert

  2.      

  Check the Appropriate Box if a Member of a Group (See Instructions)

  (a)  ☒        (b)  ☐

 

  3.      

  SEC Use Only

 

  4.      

  Source of Funds (See Instructions)

 

  OO; PF

  5.      

  Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)

 

  ☐

  6.      

  Citizenship or Place of Organization

 

  United States

Number of

Shares

  Beneficially  

Owned by

Each

Reporting

Person

With

    7.     

  Sole Voting Power

 

  158,051,342 (1)(2)

  8.     

  Shared Voting Power

 

  0

  9.     

  Sole Dispositive Power

 

  52,913,475 (1)

  10.     

  Shared Dispositive Power

 

  105,137,867 (2)

11.      

  Aggregate Amount Beneficially Owned by Each Reporting Person

 

  158,051,342 (1)(2)

12.      

  Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)

 

  ☐

13.      

  Percent of Class Represented by Amount in Row (11)

 

  74.3% (3)

14.      

   Type of Reporting Person (See Instructions)

 

  IN

 

(1)

Includes 4,808,465 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Warrants held by Partners, 702,741 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Senior Secured Convertible PIK Toggle Notes held by Partners, 6,480,427 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Senior Unsecured Convertible PIK Toggle Notes held by Partners, and 20,385,863 shares of Holdings Common Stock that JPP II has the right to acquire within 60 days pursuant to the Second Lien Term Loan.


(2)

Includes 33,675,360 shares of Holdings Common Stock held by Mr. Lampert, 6,328,688 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Warrants held by Mr. Lampert, 3,566,648 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Senior Secured Convertible PIK Toggle Notes held by Mr. Lampert, 16,937,419 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Senior Unsecured Convertible PIK Toggle Notes held by Mr. Lampert, and 44,629,752 shares of Holdings Common Stock that JPP has the right to acquire within 60 days pursuant to the Second Lien Term Loan.

(3)

Based upon 108,992,750 shares of Holdings Common Stock outstanding as of September 7, 2018, as disclosed in Holdings’ Quarterly Report on Form 10-Q for the quarterly period ended August 4, 2018, that was filed by Holdings with the SEC on September 13, 2018, 4,808,465 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Warrants held by Partners, 702,741 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Senior Secured Convertible PIK Toggle Notes held by Partners, 6,480,427 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Senior Unsecured Convertible PIK Toggle Notes held by Partners, 20,385,863 shares of Holdings Common Stock that JPP II has the right to acquire within 60 days pursuant to the Second Lien Term Loan, 44,629,752 shares of Holdings Common Stock that JPP has the right to acquire within 60 days pursuant to the Second Lien Term Loan, 6,328,688 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Warrants held by Mr. Lampert, 3,566,648 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Senior Secured Convertible PIK Toggle Notes held by Mr. Lampert, and 16,937,419 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Senior Unsecured Convertible PIK Toggle Notes held by Mr. Lampert.


This Amendment No. 72 to Schedule 13D (this “Amendment”) relates to common shares, par value $0.01 per share (the “Holdings Common Stock”), of Sears Holdings Corporation, a Delaware corporation (“Holdings”). This Amendment amends the Schedule 13D, as previously amended, filed with the Securities and Exchange Commission by ESL Partners, L.P., a Delaware limited partnership (“Partners”), JPP II, LLC, a Delaware limited liability company (“JPP II”), SPE I Partners, LP, a Delaware limited partnership (“SPE I”), SPE Master I, LP, a Delaware limited partnership (“SPE Master I”), RBS Partners, L.P., a Delaware limited partnership (“RBS”), ESL Investments, Inc., a Delaware corporation (“ESL”), JPP, LLC, a Delaware limited liability company (“JPP”), and Edward S. Lampert, a United States citizen, by furnishing the information set forth below. Except as otherwise specified in this Amendment, all previous Items are unchanged. Capitalized terms used herein which are not defined herein have the meanings given to them in the Schedule 13D, as previously amended, filed with the Securities and Exchange Commission (“SEC”).

Item 3. Source and Amount of Funds or Other Consideration.

Item 3 is hereby amended and supplemented as follows:

“As a result of an administrative error, in the Amendment to Schedule 13D filed by the Reporting Persons with the SEC on November 16, 2018, it was previously disclosed that, on October 29, 2018, the Second Lien Borrowers elected to pay interest on the Second Lien Term Loan by increasing the principal amount of the Second Lien Term Loan, which increased the principal amount of the portion of the Second Lien Term Loan held by JPP and JPP II and resulted in (i) JPP having the right to acquire up to an additional 402,020 shares of Holdings Common Stock and (ii) JPP II having the right to acquire up to an additional 183,634 shares of Holdings Common Stock, within 60 days upon their conversion of the Second Lien Term Loan into shares of Holdings Common Stock. However, in connection with the commencement by Holdings and certain of its subsidiaries of the Chapter 11 Cases in the Bankruptcy Court seeking relief under Chapter 11 of the Bankruptcy Code, accrued interest on the Second Lien Term Loan actually became payable on October 15, 2018, and the Second Lien Borrowers at that time elected to pay interest on the Second Lien Term Loan by increasing the principal amount of the Second Lien Term Loan.

In connection with this election by the Second Lien Borrowers on October 15, 2018, the principal amount of the portion of the Second Lien Term Loan held by JPP and JPP II was increased accordingly, and no cash consideration was paid by either JPP or JPP II in connection with this increase to the principal amount of the Second Lien Term Loan. As a result of the foregoing, (i) JPP may acquire up to an additional 188,769 shares of Holdings Common Stock within 60 days upon the conversion of the Second Lien Term Loan into shares of Holdings Common Stock, and (ii) JPP II may acquire up to an additional 86,226 shares of Holdings Common Stock within 60 days upon the conversion of the Second Lien Term Loan into shares of Holdings Common Stock.

On November 5, 2018, the Second Lien Borrowers elected to pay interest on the Second Lien Term Loan by increasing the principal amount of the Second Lien Term Loan. In connection with this election by the Second Lien Borrowers, the principal amount of the portion of the Second Lien Term Loan held by JPP and JPP II was increased accordingly, and no cash consideration was paid by either JPP or JPP II in connection with this increase to the principal amount of the Second Lien Term Loan. As a result of the foregoing, (i) JPP may acquire up to an additional 371,056 shares of Holdings Common Stock within 60 days upon the conversion of the Second Lien Term Loan into shares of Holdings Common Stock, and (ii) JPP II may acquire up to an additional 169,490 shares of Holdings Common Stock within 60 days upon the conversion of the Second Lien Term Loan into shares of Holdings Common Stock.

On December 5, 2018, the Second Lien Borrowers elected to pay interest on the Second Lien Term Loan by increasing the principal amount of the Second Lien Term Loan. In connection with this election by the Second Lien Borrowers, the principal amount of the portion of the Second Lien Term Loan held by JPP and JPP II was increased accordingly, and no cash consideration was paid by either JPP or JPP II in connection with this increase to the principal amount of the Second Lien Term Loan. As a result of the foregoing, (i) JPP may acquire up to an additional 534,578 shares of Holdings Common Stock within 60 days upon the conversion of the Second Lien Term Loan into shares of Holdings Common Stock, and (ii) JPP II may acquire up to an additional 244,183 shares of Holdings Common Stock within 60 days upon the conversion of the Second Lien Term Loan into shares of Holdings Common Stock.”


Item 4. Purpose of Transaction.

Item 4 is hereby amended and supplemented as follows:

“On December 5, 2018, certain of the Reporting Persons submitted an indication of interest (the “Indicative Bid”) in the acquisition, through a newly-formed entity (“Newco”), of substantially all of the go-forward retail footprint and other assets and component businesses of Holdings.

The Indicative Bid is to acquire substantially all of the assets of the debtors (the “Debtors”) in the Chapter 11 Cases pursuant to a sale under section 363 of the Bankruptcy Code, as well as substantially all of the assets of non-Debtors, KCD IP, LLC, SRC O.P., LLC, SRC Facilities LLC and SRC Real Estate (TX), LLC.

As consideration, the Indicative Bid contemplates a total purchase price of approximately $4.6 billion, comprised of: up to $950 million in cash to be funded with the proceeds of a new asset-based credit facility to be obtained by Newco; a credit bid of approximately $1.8 billion; $500 million in a combination of cash, notes to be issued by Newco, equity of Newco and/or waiver or assignment of deficiency claims (including superpriority adequate protection claims) with respect to secured debt; the roll-over of approximately $271 million in cash collateral currently supporting the LC Facility; and approximately $1.1 billion of assumed liabilities with respect to certain protection agreements, gift cards and accrued points under the Shop Your Way program.

The Indicative Bid contemplates that Newco expects to provide offers of ongoing employment to approximately 50,000 employees of Holdings and to reinstate Holdings’ prepetition severance program for the benefit of all eligible employees at close.

The Indicative Bid reflects a non-binding indication of interest, and does not constitute or create a binding obligation or commitment of any of the Reporting Persons to proceed with, or consummate, any transaction. The total consideration set forth in the Indicative Bid may be reallocated among the various components and remains subject to, among other things, ongoing due diligence, internal approvals, negotiation of a satisfactory asset purchase agreement and ESL’s ability to obtain commitments from its financing sources.

The Indicative Bid may relate to, or could result in, some or all of the matters referred to in subparagraphs (a)-(j) of Item 4 of Schedule 13D.

The foregoing description of the Indicative Bid does not purport to be complete and is qualified in its entirety by reference to the Indicative Bid, attached hereto as Exhibit 99.81 and incorporated by reference herein.”

Item 5. Interest in Securities of the Issuer.

Item 5 is hereby amended and restated in its entirety as follows:

“(a)-(b) Each Reporting Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, the beneficial owner of any securities covered by this statement.

Each Reporting Person may be deemed to be a member of a group with respect to Holdings or securities of Holdings for the purposes of Section 13(d) or 13(g) of the Act. Each Reporting Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, (i) acting (or has agreed or is agreeing to act) with any other person as a partnership, limited partnership, syndicate, or other group for the purpose of acquiring, holding, or disposing of securities of Holdings or otherwise with respect to Holdings or any securities of Holdings or (ii) a member of any syndicate or group with respect to Holdings or any securities of Holdings.


As of the time of filing on December 6, 2018, the Reporting Persons may be deemed to beneficially own the shares of Holdings Common Stock set forth in the table below.

 

REPORTING PERSON

   NUMBER OF
SHARES
BENEFICIALLY
OWNED
    PERCENTAGE
OF
OUTSTANDING
SHARES
    SOLE VOTING
POWER
    SHARED
VOTING
POWER
     SOLE
DISPOSITIVE
POWER
    SHARED
DISPOSITIVE
POWER
 

ESL Partners, L.P.

     157,707,877 (1)(2)      74.1 %(3)      52,570,010 (2)      0        52,570,010 (2)      105,137,86 7(1) 

JPP II, LLC

     65,015,615 (4)(5)      37.4 %(6)      20,385,863 (4)      0        20,385,863 (4)      44,629,75 2(5) 

SPE I Partners, LP

     150,124       0.1     150,124       0        150,124      

SPE Master I, LP

     193,341       0.2     193,341       0        193,341      

RBS Partners, L.P.

     158,051,342 (1)(7)      74.3 %(3)      52,913,475 (7)      0        52,913,475 (7)      105,137,86 7(1) 

ESL Investments, Inc.

     158,051,342 (1)(7)      74.3 %(3)      52,913,475 (7)      0        52,913,475 (7)      105,137,86 7(1) 

JPP, LLC

     44,629,752 (5)      29.1 %(8)      44,629,752 (5)      0        0       44,629,75 2(5) 

Edward S. Lampert

     158,051,342 (1)(7)      74.3 %(3)      158,051,342 (1)(7)      0        52,913,475 (7)      105,137,86 7(1) 

 

(1)

This number includes 33,675,360 shares of Holdings Common Stock held by Mr. Lampert, 6,328,688 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Warrants held by Mr. Lampert, 3,566,648 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Senior Secured Convertible PIK Toggle Notes held by Mr. Lampert, 16,937,419 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Senior Unsecured Convertible PIK Toggle Notes held by Mr. Lampert, and 44,629,752 shares of Holdings Common Stock that JPP has the right to acquire within 60 days pursuant to the Second Lien Term Loan. Mr. Lampert is the sole member of, and may be deemed to indirectly beneficially own securities owned by, JPP. Partners has entered into a Lock-Up Agreement with Mr. Lampert that restricts the purchase and sale of securities owned by Mr. Lampert. Pursuant to the Lock-Up Agreement, Partners may be deemed to have shared dispositive power over, and to indirectly beneficially own, securities owned by Mr. Lampert. RBS, ESL and Mr. Lampert may also be deemed to have shared dispositive power over, and to indirectly beneficially own, such securities.

(2)

This number includes 20,192,514 shares of Holdings Common Stock held by Partners, 4,808,465 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Warrants held by Partners, 702,741 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Senior Secured Convertible PIK Toggle Notes held by Partners, 6,480,427 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Senior Unsecured Convertible PIK Toggle Notes held by Partners, and 20,385,863 shares of Holdings Common Stock that JPP II has the right to acquire within 60 days pursuant to the Second Lien Term Loan. Partners is the sole member of, and may be deemed to indirectly beneficially own securities owned by, JPP II.

(3)

This is based upon 108,992,750 shares of Holdings Common Stock outstanding as of September 7, 2018, as disclosed in Holdings’ Quarterly Report on Form 10-Q for the quarterly period ended August 4, 2018, that was filed by Holdings with the SEC on September 13, 2018, the 4,808,465 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Warrants held by Partners, the 702,741 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Senior Secured Convertible PIK Toggle Notes held by Partners, the 6,480,427 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Senior Unsecured Convertible PIK Toggle Notes held by Partners, the 20,385,863 shares of Holdings Common Stock that JPP II has the right to acquire within 60 days pursuant to the Second Lien Term Loan, the 44,629,752 shares of Holdings Common Stock that JPP has the right to acquire within 60 days pursuant to the Second Lien Term Loan, the 6,328,688 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Warrants held by Mr. Lampert, the 3,566,648 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Senior Secured Convertible PIK Toggle Notes held by Mr. Lampert, and the 16,937,419 shares of Holdings Common Stock that Mr. Lampert has the right to acquire within 60 days pursuant to the Senior Unsecured Convertible PIK Toggle Notes held by Mr. Lampert. Partners is the sole member of, and may be deemed to indirectly beneficially own securities owned by, JPP II. RBS is the general partner of, and may be deemed to indirectly beneficially own securities owned by, Partners. ESL is the general partner of, and may be deemed to indirectly beneficially own securities owned by, RBS. Mr. Lampert is the sole member of, and may be deemed to indirectly beneficially own securities owned by, JPP and is also the Chairman, Chief Executive Officer and Director of, and may be deemed to indirectly beneficially own securities owned by, ESL.


(4)

This number includes 20,385,863 shares of Holdings Common Stock that JPP II has the right to acquire within 60 days pursuant to the Second Lien Term Loan.

(5)

This number includes 44,629,752 shares of Holdings Common Stock that JPP has the right to acquire within 60 days pursuant to the Second Lien Term Loan.

(6)

This is based upon 108,992,750 shares of Holdings Common Stock outstanding as of September 7, 2018, as disclosed in Holdings’ Quarterly Report on Form 10-Q for the quarterly period ended August 4, 2018, that was filed by Holdings with the SEC on September 13, 2018, 44,629,752 shares of Holdings Common Stock that JPP has the right to acquire within 60 days pursuant to the Second Lien Term Loan, and 20,385,863 shares of Holdings Common Stock that JPP II has the right to acquire within 60 days pursuant to the Second Lien Term Loan.

(7)

This number includes 20,192,514 shares of Holdings Common Stock held by Partners, 4,808,465 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Warrants held by Partners, 702,741 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Senior Secured Convertible PIK Toggle Notes held by Partners, 6,480,427 shares of Holdings Common Stock that Partners has the right to acquire within 60 days pursuant to the Senior Unsecured Convertible PIK Toggle Notes held by Partners, 20,385,863 shares of Holdings Common Stock that JPP II has the right to acquire within 60 days pursuant to the Second Lien Term Loan, 150,124 shares of Holdings Common Stock held by SPE I and 193,341 shares of Holdings Common Stock held by SPE Master I. Partners is the sole member of, and may be deemed to indirectly beneficially own securities owned by, JPP II. RBS is the general partner of, and may be deemed to indirectly beneficially own securities owned by, Partners, SPE I and SPE Master I. RBS is the general partner of, and may be deemed to indirectly beneficially own securities owned by, Partners. ESL is the general partner of, and may be deemed to indirectly beneficially own securities owned by, RBS. Mr. Lampert is the Chairman, Chief Executive Officer and Director of, and may be deemed to indirectly beneficially own securities owned by, ESL.

(8)

This is based upon 108,992,750 shares of Holdings Common Stock outstanding as of September 7, 2018, as disclosed in Holdings’ Quarterly Report on Form 10-Q for the quarterly period ended August 4, 2018, that was filed by Holdings with the SEC on September 13, 2018, and 44,629,752 shares of Holdings Common Stock that JPP has the right to acquire within 60 days pursuant to the Second Lien Term Loan.

(c) Other than as set forth on Annex B hereto, there have been no transactions in the class of securities reported on that were effected by the Reporting Persons during the past sixty days or since the most recent filing of Schedule 13D, whichever is less.

(d) Not applicable.

(e) Not applicable.”

Item 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.

Item 6 is hereby amended and supplemented as follows:

“The information set forth in Item 4 of this Amendment is incorporated by reference into this Item 6.”


Item 7. Material to be Filed as Exhibits.

Item 7 is hereby amended and restated in its entirety as follows:

“The following exhibits are filed as exhibits hereto:

 

Exhibit

  

Description of Exhibit

99.1    Amendment, dated March 22, 2005, to the Agreement, dated January 31, 2005, among Kmart Holding Corporation, Sears Holdings Corporation, ESL Partners, L.P., ESL Investors, L.L.C., ESL Institutional Partners, L.P. and CRK Partners II, L.P. (incorporated herein by reference to Exhibit L to the Amendment to Schedule 13D filed on April 1, 2005).
99.2    Acknowledgement, dated March 24, 2005, by Sears Holdings Corporation (relating to the assumption of the Registration Rights Agreement) (incorporated herein by reference to Exhibit K to the Amendment to Schedule 13D filed on April 1, 2005).
99.3    Letter Agreement, dated June 2, 2010, between ESL Partners, L.P. and Edward S. Lampert (incorporated herein by reference to Exhibit 8 to the Amendment to Schedule 13D filed on June 2, 2010).
99.6    Form of Letter (incorporated herein by reference to Exhibit 10.30 to Holdings’ Annual Report on Form 10-K filed on March 20, 2013).
99.7    Loan Agreement, dated September 15, 2014, among Sears, Roebuck and Co., Sears Development Co. and Kmart Corporation, and JPP II, LLC and JPP, LLC (incorporated herein by reference to Exhibit 99.7 to the Amendment to Schedule 13D filed on September 16, 2014).
99.8    Participation Agreement, dated September 22, 2014, among PYOF 2014 Loans, LLC, and JPP II, LLC and JPP, LLC (incorporated herein by reference to Exhibit 99.8 to the Amendment to Schedule 13D filed on September 24, 2014).
99.9    Amended and Restated Participation Agreement, dated September 30, 2014, among PYOF 2014 Loans, LLC, The Fairholme Partnership, LP, and JPP II, LLC and JPP, LLC (incorporated herein by reference to Exhibit 99.9 to the Amendment to Schedule 13D filed on October 1, 2014).
99.10    Form of Subscription Rights Certificate (incorporated herein by reference to Exhibit 99.10 to the Amendment to Schedule 13D filed on October 17, 2014).
99.11    Rights Purchase Agreement, dated as of October 26, 2014, by and between SPE Master I, LP and ESL Partners, L.P. (incorporated herein by reference to Exhibit 99.11 to the Amendment to Schedule 13D filed on October 28, 2014).
99.12    Rights Purchase Agreement, dated as of October 26, 2014, by and between SPE Master I, LP and Mr. Edward S. Lampert (incorporated herein by reference to Exhibit 99.12 to the Amendment to Schedule 13D filed on October 28, 2014).
99.13    Rights Purchase Agreement, dated as of October 26, 2014, by and between SPE I Partners, LP and ESL Partners, L.P. (incorporated herein by reference to Exhibit 99.13 to the Amendment to Schedule 13D filed on October 28, 2014).
99.14    Rights Purchase Agreement, dated as of October 26, 2014, by and between SPE I Partners, LP and Mr. Edward S. Lampert (incorporated herein by reference to Exhibit 99.14 to the Amendment to Schedule 13D filed on October 28, 2014).
99.15    Form of Subscription Rights Certificate (incorporated herein by reference to Exhibit 99.15 to the Amendment to Schedule 13D filed on November 12, 2014).
99.16    Form of Note (incorporated herein by reference to Exhibit 4.3 to the Post-Effective Amendment No. 1 to Form S-3 Registration Statement, filed by Holdings with the Securities and Exchange Commission on October 30, 2014).
99.17    Form of Warrant Certificate (incorporated herein by reference to Exhibit 4.4 to the Post-Effective Amendment No. 1 to Form S-3 Registration Statement, filed by Holdings with the Securities and Exchange Commission on October 30, 2014).
99.18    Amendment to Loan Agreement, entered into on February 25, 2015 and effective as of February 28, 2015, by and between JPP II, LLC and JPP, LLC and Sears, Roebuck and Co., Sears Development Co. and Kmart Corporation (incorporated herein by reference to Exhibit 10.1 to the Form 8-K, filed by Holdings with the Securities and Exchange Commission on February 26, 2015).
99.19    Form of Subscription Rights Certificate (incorporated herein by reference to Exhibit 99.19 to the Amendment to Schedule 13D filed on June 16, 2015).
99.20    Exchange Agreement, dated as of June 26, 2015, by and among ESL Partners, L.P. and Edward S. Lampert and Seritage Growth Properties, L.P. and Seritage Growth Properties (incorporated herein by reference to Exhibit 99.20 to the Amendment to Schedule 13D filed on June 29, 2015).


99.21    Form of Purchase and Sale Agreement, dated as of July 2, 2015, by and among the Participating Limited Partner, RBS Partners, L.P. and RBS Partners, L.P., in its capacity as general partner of either SPE I Partners, LP or SPE Master I, LP (incorporated herein by reference to Exhibit 99.21 to the Amendment to Schedule 13D filed on July 6, 2015).
99.22    Rule 10b5-1(c) Plan, dated July 2, 2015, by SPE I Partners, LP and RBS Partners, L.P. (incorporated herein by reference to Exhibit 99.22 to the Amendment to Schedule 13D filed on July 6, 2015).
99.23    Rule 10b5-1(c) Plan, dated July 2, 2015, by SPE Master I, LP and RBS Partners, L.P. (incorporated herein by reference to Exhibit 99.23 to the Amendment to Schedule 13D filed on July 6, 2015).
99.24    Letter Agreement, dated January 28, 2016, by and between Holdings and Edward S. Lampert (incorporated herein by reference to Exhibit 10.1 to the Form 8-K, filed by Holdings with the Securities and Exchange Commission on February 3, 2016).
99.25    Joint Filing Agreement (incorporated herein by reference to Exhibit 99.25 to the Amendment to Schedule 13D filed on February 4, 2016).
99.26    Loan Agreement, dated as of April 8, 2016, between Sears, Roebuck and Co., Sears Development Co., Innovel Solutions, Inc., Big Beaver of Florida Development, LLC and Kmart Corporation, and JPP, LLC, JPP II, LLC and Cascade Investment, L.L.C. (incorporated herein by reference to Exhibit 99.26 to the Amendment to Schedule 13D filed on April 12, 2016).
99.27    Co-Lender Agreement, dated as of April 8, 2016, by and among JPP, LLC and JPP II, LLC, and Cascade Investment, L.L.C. and each transferee of a portion of any interest in the loan made in accordance with the Co-Lender Agreement (incorporated herein by reference to Exhibit 99.27 to the Amendment to Schedule 13D filed on April 12, 2016).
99.28    Assignment and Acceptance, dated as of April 8, 2016, by and between Bank of America, N.A., as assignor, and JPP II, LLC, as assignee (incorporated herein by reference to Exhibit 99.28 to the Amendment to Schedule 13D filed on August 26, 2016).
99.29    Assignment and Acceptance, dated as of April 8, 2016, by and between Bank of America, N.A., as assignor, and JPP, LLC, as assignee (incorporated herein by reference to Exhibit 99.29 to the Amendment to Schedule 13D filed on August 26, 2016).
99.30    Second Lien Credit Agreement, dated as of September 1, 2016, by and among Sears Holdings Corporation, Sears Roebuck Acceptance Corp. and Kmart Corporation, and JPP, LLC and JPP II, LLC (incorporated herein by reference to Exhibit 10.1 to the Form 8-K, filed by Holdings with the Securities and Exchange Commission on September 2, 2016).
99.31    Pari Passu Joinder Agreement, dated as of September 1, 2016, by JPP, LLC, as agreed to and accepted by Wilmington Trust, National Association, as collateral agent (incorporated herein by reference to Exhibit 99.31 to the Amendment to Schedule 13D filed on September 2, 2016).
99.32    Letter of Credit and Reimbursement Agreement, dated as of December 28, 2016, among Sears Holdings Corporation, Sears Roebuck Acceptance Corp. and Kmart Corporation, Citibank, N.A., as administrative agent and issuing bank, and JPP, LLC and JPP II, LLC (incorporated herein by reference to Exhibit 10.1 to the Form 8-K, filed by Holdings with the Securities and Exchange Commission on December 30, 2016).
99.33    Loan Agreement, dated as of January 3, 2017, among Sears Roebuck and Co., Kmart Stores of Illinois LLC, Kmart of Washington LLC and Kmart Corporation, collectively as borrower, and JPP, LLC and JPP II, LLC, collectively as initial lender (incorporated herein by reference to Exhibit 10.1 to the Form 8-K, filed by Holdings with the Securities and Exchange Commission on January 4, 2017).
99.34    Omnibus Amendment to Loan Documents and Request for Advance to Loan Agreement, dated as of January 12, 2017 among Sears Roebuck and Co., Kmart Stores of Illinois LLC, Kmart of Washington LLC and Kmart Corporation, collectively as borrower, and JPP, LLC and JPP II, LLC, collectively as initial lender (incorporated herein by reference to Exhibit 10.59 to Holdings’ Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 21, 2017).
99.35    First Amendment dated March 2, 2017, to Letter of Credit and Reimbursement Agreement, dated as of December 28, 2016, among Sears Holdings Corporation, Sears Roebuck Acceptance Corp., Kmart Corporation, the financial institutions party thereto from time to time as L/C Lenders, and Citibank, N.A., as Administrative Agent and Issuing Bank (incorporated herein by reference to Exhibit 10.60 to Holdings’ Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 21, 2017).
99.36    Amended and Restated Loan Facility, dated as of May 22, 2017, by and among Roebuck and Co., Sears Development Co., Innovel Solutions, Inc., Big Beaver of Florida Development, LLC and Kmart Corporation with JPP, LLC, JPP II, LLC, and Cascade Investment, L.L.C. (incorporated herein by reference to Exhibit 10.1 to the Form 8-K, filed by Holdings with the Securities and Exchange Commission on May 24, 2017).


99.37    Amended and Restated Co-Lender Agreement, dated as of May 22, 2017, by and among JPP, LLC and JPP II, LLC, Cascade Investment, L.L.C., Petrus Yield Opportunity Fund, LP, Rimrock High Income Plus (Master) Fund, Ltd., Rimrock Low Volatility (Master) Fund, Ltd, Paragon SHC LLC, Paragon SHC II LLC, and each transferee of a portion of any interest in the loan made in accordance with the Amended and Restated Co-Lender Agreement (incorporated herein by reference to Exhibit 99.37 to the Amendment to Schedule 13D filed on May 24, 2017).
99.38    Amendment to Amended and Restated Loan Agreement, dated as of July 3, 2017, by and among Roebuck and Co., Sears Development Co., Innovel Solutions, Inc., Big Beaver of Florida Development, LLC and Kmart Corporation with JPP, LLC, JPP II, LLC, and Cascade Investment, L.L.C. (incorporated herein by reference to Exhibit 99.38 to the Amendment to Schedule 13D filed on July 10, 2017).
99.39    First Amendment to Second Lien Credit Agreement (incorporated herein by reference to Exhibit 10.1 to Holdings’ Current Report on Form 8-K filed with the Securities and Exchange Commission on July 7, 2017).
99.40    Line of Credit Loan Proposal to JPP, LLC, dated as of July 13, 2017 (incorporated herein by reference to Exhibit 99.40 to the Amendment to Schedule 13D filed on July 17, 2017).
99.41    Line of Credit Loan Proposal to JPP II, LLC, dated as of July 13, 2017 (incorporated herein by reference to Exhibit 99.41 to the Amendment to Schedule 13D filed on July 17, 2017).
99.42    Line of Credit Lender Joinder Agreement, dated as of July 13, 2017, by and among JPP, LLC, and JPP II, LLC, Sears Holdings Corporation, Sears Roebuck Acceptance Corp., Kmart Corporation, and JPP, LLC, in its capacity as administrative agent and collateral administrator (incorporated herein by reference to Exhibit 99.42 to the Amendment to Schedule 13D filed on July 17, 2017).
99.43    Second Amendment to Letter of Credit and Reimbursement Agreement, dated as of August 1, 2017, by and among Sears Holdings Corporation, Sears Roebuck Acceptance Corp., Kmart Corporation, the financial institutions party thereto from time to time as LC Lenders, and Citibank, N.A., as Administrative Agent and Issuing Bank (incorporated herein by reference to Exhibit 10.1 to Holdings’ Current Report on Form 8-K filed with the Securities and Exchange Commission on August 3, 2017).
99.44    Form of Assignment and Acceptance Agreement (incorporated herein by reference to Exhibit 99.44 to the Amendment to Schedule 13D filed on August 3, 2017).
99.45    Third Amendment to Letter of Credit and Reimbursement Agreement, dated as of August 9, 2017, by and among Sears Holdings Corporation, Sears Roebuck Acceptance Corp., Kmart Corporation, the financial institutions party thereto from time to time as LC Lenders, and Citibank, N.A., as Administrative Agent and Issuing Bank (incorporated herein by reference to Exhibit 10.1 to Holdings’ Current Report on Form 8-K filed with the Securities and Exchange Commission on August 10, 2017).
99.46    Amended and Restated Loan Agreement, dated as of October 4, 2017, among Sears Roebuck and Co., Kmart Stores of Illinois LLC, Kmart of Washington LLC, Kmart Corporation, SHC Desert Springs, LLC, Innovel Solutions, Inc., Sears Holdings Management Corporation, Maxserv, Inc. and Troy Coolidge No. 13, LLC collectively as borrower, and JPP, LLC and JPP II, LLC, collectively as initial lender (incorporated herein by reference to Exhibit 10.1 to Holdings’ Current Report on Form 8-K filed with the Securities and Exchange Commission on October 4, 2017).
99.47    Second Amended and Restated Loan Agreement, dated as of October 18, 2017, among Sears Roebuck and Co., Kmart Stores of Illinois LLC, Kmart of Washington LLC, Kmart Corporation, SHC Desert Springs, LLC, Innovel Solutions, Inc., Sears Holdings Management Corporation, Maxserv, Inc., Troy Coolidge No. 13, LLC, Sears Development Co. and Big Beaver of Florida Development, LLC, collectively as borrower, and JPP, LLC and JPP II, LLC, collectively as initial lender (incorporated herein by reference to Exhibit 10.1 to Holdings’ Current Report on Form 8-K filed with the Securities and Exchange Commission on October 19, 2017).
99.48    Amendment to Second Amended and Restated Loan Agreement, dated as of October 25, 2017, among Sears Roebuck and Co., Kmart Stores of Illinois LLC, Kmart of Washington LLC, Kmart Corporation, SHC Desert Springs, LLC, Innovel Solutions, Inc., Sears Holdings Management Corporation, Maxserv, Inc., Troy Coolidge No. 13, LLC, Sears Development Co. and Big Beaver of Florida Development, LLC, collectively as borrower, and JPP, LLC and JPP II, LLC, collectively as initial lender (incorporated herein by reference to Exhibit 10.1 to Holdings’ Current Report on Form 8-K filed with the Securities and Exchange Commission on October 30, 2017).


99.49    Second Amendment to Amended and Restated Loan Agreement, dated as of October 25, 2017, among Sears Roebuck and Co., Sears Development Co., Innovel Solutions Inc., Big Beaver of Florida Development, LLC and Kmart Corporation, collectively as borrower, and JPP, LLC, JPP II, LLC and Cascade Investment, L.L.C. collectively as initial lenders (incorporated herein by reference to Exhibit 10.2 to Holdings’ Current Report on Form 8-K filed with the Securities and Exchange Commission on October 30, 2017).
99.50    Term Loan Credit Agreement, dated as of January 4, 2018, among Sears Holdings Corporation, Sears Roebuck Acceptance Corp. and Kmart Corporation, as borrowers, the subsidiaries of Sears Holdings Corporation party thereto, the lenders party thereto from time to time, and JPP, LLC, as administrative and collateral agent (incorporated herein by reference to Exhibit 10.1 to Holdings’ Current Report on Form 8-K filed with the Securities and Exchange Commission on January 10, 2018).
99.51    Second Amendment to Second Lien Credit Agreement, dated as of January 9, 2018, among Sears Holdings Corporation, Sears Roebuck Acceptance Corp. and Kmart Corporation, the guarantors party thereto, the lenders party thereto, and JPP, LLC, as administrative agent and collateral administrator (incorporated herein by reference to Exhibit 10.2 to Holdings’ Current Report on Form 8-K filed with the Securities and Exchange Commission on January 10, 2018).
99.52    Amendment to Term Loan Credit Agreement, dated as of January 29, 2018, among Sears Holdings Corporation, Sears Roebuck Acceptance Corp. and Kmart Corporation, as borrowers, the subsidiaries of Sears Holdings Corporation party thereto, the lenders and other entities party thereto, and JPP, LLC, as administrative and collateral agent (incorporated herein by reference to Exhibit 10.1 to Holdings’ Current Report on Form 8-K filed with the Securities and Exchange Commission on January 31, 2018).
99.53    Third Amendment to Second Lien Credit Agreement, dated as of February 7, 2018, among Sears Holdings Corporation, Sears Roebuck Acceptance Corp. and Kmart Corporation, as borrowers, the subsidiaries of Sears Holdings Corporation party thereto, the lenders party thereto, and JPP, LLC, as administrative and collateral administrator (incorporated herein by reference to Exhibit 10.2 to Holdings’ Current Report on Form 8-K filed with the Securities and Exchange Commission on February 13, 2018).
99.54    Third Amendment to Term Loan Credit Agreement, dated as of February 7, 2018, among Sears Holdings Corporation, Sears Roebuck Acceptance Corp. and Kmart Corporation, as borrowers, the subsidiaries of Sears Holdings Corporation party thereto, the lenders party thereto, and JPP, LLC, as administrative and collateral administrator (incorporated herein by reference to Exhibit 10.3 to Holdings’ Current Report on Form 8-K filed with the Securities and Exchange Commission on February 13, 2018).
99.55    Second Amendment to Second Amended and Restated Loan Agreement, dated as of March 8, 2018, among Sears Roebuck and Co., Kmart Stores of Illinois LLC, Kmart of Washington LLC, Kmart Corporation, SHC Desert Springs, LLC, Innovel Solutions, Inc., Sears Holdings Management Corporation, Maxserv, Inc. and Troy Coolidge No. 13, LLC collectively as borrower, and JPP, LLC and JPP II, LLC, collectively as initial lender (incorporated herein by reference to Exhibit 10.1 to Holdings’ Current Report on Form 8-K filed with the Securities and Exchange Commission on March 14, 2018).
99.56    Indenture, dated as of March 20, 2018, by and among Sears Holdings Corporation, the guarantors party thereto and Computershare Trust Company, N.A., as trustee (attaching form of 6 5/8% Senior Secured Convertible PIK Toggle Note due 2019) (incorporated herein by reference to Exhibits 4.2 and 4.3 to Holdings’ Current Report on Form 8-K filed with the Securities and Exchange Commission on March 23, 2018).
99.57    Second Supplemental Indenture, dated as of March 20, 2018, by and between Sears Holdings Corporation, as obligor, and Computershare Trust Company, N.A., as trustee (attaching form of 8% Senior Unsecured Convertible PIK Toggle Note due 2019) (incorporated herein by reference to Exhibits 4.4 and 4.5 to Holdings’ Current Report on Form 8-K filed with the Securities and Exchange Commission on March 23, 2018).
99.58    Fourth Amendment to the Second Lien Credit Agreement, dated as of March 20, 2018, by and among Sears Holdings Corporation, Sears Roebuck Acceptance Corp. and Kmart Corporation, the lenders party thereto, and JPP, LLC, as administrative agent and collateral administrator (incorporated herein by reference to Exhibit 10.1 to Holdings’ Current Report on Form 8-K filed with the Securities and Exchange Commission on March 23, 2018).


99.59    Mezzanine Loan Agreement, dated as of March 14, 2018, among SRC Sparrow 2, LLC, as borrower, JPP, LLC and JPP II, LLC, as lenders, and JPP, LLC, as administrative agent (incorporated herein by reference to Exhibit 10.92 to Holdings’ Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 23, 2018).
99.60    Fifth Amendment to the Third Amended and Restated Credit Agreement, dated as of March 21, 2018, among Sears Holdings Corporation, Sears Roebuck Acceptance Corp., Kmart Corp., the lenders party thereto, Bank of America, N.A., as administrative agent, and the other parties thereto (incorporated herein by reference to Exhibit 10.4 to Holdings’ Current Report on Form 8-K filed with the Securities and Exchange Commission on March 23, 2018).
99.61    Sixth Amendment to the Third Amended and Restated Credit Agreement, dated as of March 21, 2018, among Sears Holdings Corporation, Sears Roebuck Acceptance Corp., Kmart Corp., the lenders party thereto, Bank of America, N.A., as administrative agent, and the other parties thereto (incorporated herein by reference to Exhibit 10.5 to Holdings’ Current Report on Form 8-K filed with the Securities and Exchange Commission on March 23, 2018).
99.62    Joint Filing Agreement (incorporated herein by reference to Exhibit 99.62 to the Amendment to Schedule 13D filed on March 23, 2018).
99.63    Fourth Amendment to Letter of Credit and Reimbursement Agreement, dated as of December 13, 2018, among Sears Holdings Corporation, Sears Roebuck Acceptance Corp. and Kmart Corporation, as borrowers, JPP, LLC, JPP II, LLC and the other lenders party thereto, as lenders, and Citibank, N.A., as administrative agent (incorporated herein by reference to Exhibit 10.79 to Holdings’ Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 23, 2018).
99.64    Fifth Amendment to Letter of Credit and Reimbursement Agreement, dated as of February 13, 2018, among Sears Holdings Corporation, Sears Roebuck Acceptance Corp. and Kmart Corporation, as borrowers, JPP, LLC, JPP II, LLC and the other lenders party thereto, as lenders, and Citibank, N.A., as administrative agent (incorporated herein by reference to Exhibit 99.64 to the Amendment to Schedule 13D filed on April 23, 2018).
99.65    Sixth Amendment to Letter of Credit and Reimbursement Agreement, dated as of April 20, 2018, among Sears Holdings Corporation, Sears Roebuck Acceptance Corp. and Kmart Corporation, as borrowers, JPP, LLC, JPP II, LLC, Crescent 1, L.P., Canary SC Fund, L.P., CYR Fund, L.P. and CMH VI, L.P., as lenders, and Citibank, N.A., as administrative agent (incorporated herein by reference to Exhibit 99.65 to the Amendment to Schedule 13D filed on April 23, 2018).
99.66    Letter from ESL Investments, Inc. to the Board of Directors of Sears Holdings Corporation, dated April 20, 2018 (incorporated herein by reference to Exhibit 99.66 to the Amendment to Schedule 13D filed on April 23, 2018).
99.67    Letter from ESL Investments, Inc. to the Special Committee of the Board of Directors of Sears Holdings Corporation, dated May 25, 2018 (incorporated herein by reference to Exhibit 99.67 to the Amendment to Schedule 13D filed on May 29, 2018).
99.68    Third Amended and Restated Loan Agreement, dated as of June 4, 2018, among Sears Holdings Corporation, as guarantor, the subsidiaries of Sears Holdings Corporation party thereto as borrower, JPP, LLC, as agent, and the lenders party thereto (incorporated herein by reference to Exhibit 10.1 to Holdings’ Current Report on Form 8-K filed with the Securities and Exchange Commission on June 4, 2018).
99.69    Fifth Amendment to Mezzanine Loan Agreement, dated as of June 29, 2018, between SRC Sparrow 2 LLC, as borrower, JPP, LLC and JPP II, LLC, as lenders, and JPP, LLC, as administrative agent (incorporated herein by reference to Exhibit 10.2 to Holdings’ Current Report on Form 8-K filed with the Securities and Exchange Commission on July 6, 2018).
99.70    Fifth Amendment to Second Lien Credit Agreement, dated as of July 5, 2018, by and among Sears Holdings Corporation, Sears Roebuck Acceptance Corp. and Kmart Corporation, the other guarantors listed on the signature page thereto, the lenders party thereto, and JPP, LLC, as administrative agent and collateral administrator (incorporated herein by reference to Exhibit 10.3 to Holdings’ Current Report on Form 8-K filed with the Securities and Exchange Commission on July 6, 2018).
99.71    Sixth Amendment to Mezzanine Loan Agreement, dated as of July 25, 2018, between SRC Sparrow 2 LLC, as borrower, JPP, LLC and JPP II, LLC, as lenders, and JPP, LLC, as administrative agent (incorporated herein by reference to Exhibit 99.71 to the Amendment to Schedule 13D filed on August 14, 2018).


99.72    Letter from ESL Investments, Inc. to the Special Committee of the Board of Directors of Sears Holdings Corporation, dated August 14, 2018 (incorporated herein by reference to Exhibit 99.72 to the Amendment to Schedule 13D filed on August 14, 2018).
99.73    First Amendment to Third Amended and Restated Loan Agreement, dated as of September 12, 2018, among Sears Roebuck and Co., Kmart Stores of Illinois LLC, Kmart of Washington LLC, Kmart Corporation, SHC Desert Springs, LLC, Innovel Solutions, Inc., Sears Holdings Management Corporation, Maxserv, Inc., Troy Coolidge No. 13, LLC, Sears Development Co. and Big Beaver of Florida Development, LLC, collectively as borrower, and JPP, LLC and JPP II, LLC, collectively as initial lender (incorporated herein by reference to Exhibit 10.1 to Holdings’ Current Report on Form 8-K filed with the Securities and Exchange Commission on September 13, 2018).
99.74    Proposal, dated as of September 23, 2018, by ESL to the Board of Holdings (incorporated herein by reference to Exhibit 99.74 to the Amendment to Schedule 13D filed on September 24, 2018).
99.75    Debtors’ Motion for Authority, filed with the Bankruptcy Court on October 15, 2018 (incorporated herein by reference to Exhibit 99.75 to the Amendment to Schedule 13D filed on October 17, 2018).
99.76    Credit Agreement, dated as of March 14, 2018, among SRC O.P. LLC, SRC Facilities LLC and SRC Real Estate (TX), LLC, as the borrowers, the lenders party thereto, UBS AG, Stamford Branch, LLC, as administrative agent, and UBS Securities LLC, as lead arranger and bookrunner (incorporated herein by reference to Exhibit 10.91 to Holdings’ Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 23, 2018).
99.77    First Amendment to Credit Agreement, dated as of April 20, 2018, among SRC O.P. LLC, SRC Facilities LLC and SRC Real Estate (TX), LLC, as the borrowers, the lenders party thereto, and UBS AG, Stamford Branch, LLC, as administrative agent (incorporated herein by reference to Exhibit 10.4 to Holdings’ Quarterly Report on Form 10-Q for the quarterly period ended May 5, 2018, that was filed with the Securities and Exchange Commission on May 31, 2018).
99.78    Second Amendment to Credit Agreement, dated as of June 29, 2018, among SRC O.P. LLC, SRC Facilities LLC and SRC Real Estate (TX), LLC, as the borrowers, the lenders party thereto, and UBS AG, Stamford Branch, as administrative agent (incorporated herein by reference to Exhibit 10.1 to Holdings’ Current Report on Form 8-K filed with the Securities and Exchange Commission on July 6, 2018).
99.79    Third Amendment to Credit Agreement, dated as of August 31, 2018, among SRC O.P. LLC, SRC Facilities LLC and SRC Real Estate (TX), LLC, as the borrowers, the lenders party thereto, and UBS AG, Stamford Branch, as administrative agent (incorporated herein by reference to Exhibit 10.2 to Holdings’ Current Report on Form 8-K filed with the Securities and Exchange Commission on September 4, 2018).
99.80    Fourth Amendment to Credit Agreement, dated as of November 13, 2018, among SRC O.P. LLC, SRC Facilities LLC and SRC Real Estate (TX), LLC, as the borrowers, the lenders party thereto, and JPP, LLC, as administrative agent (incorporated herein by reference to Exhibit 99.80 to the Amendment to Schedule 13D filed on November 16, 2018).
99.81    Letter from ESL Investments, Inc. to Lazard Frères & Co. LLC, dated December 5, 2018, in response to the process letter filed with the United States Bankruptcy Court for the Southern District of New York on behalf of the debtors in the Chapter 11 cases captioned as In re Sears Holdings Corporation, et al., Case No. 18-23538 (Bankr. S.D.N.Y.) (RDD) on November 21, 2018 [Docket No. 862] (filed herewith).”


SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

  Date: December 6, 2018

    ESL PARTNERS, L.P.
    By: RBS Partners, L.P., as its general partner
    By: ESL Investments, Inc., as its general partner
    By:  

/s/ Edward S. Lampert

    Name: Edward S. Lampert
    Title:   Chief Executive Officer
    JPP II, LLC
    By: ESL Partners, L.P., as its sole member
    By: RBS Partners, L.P., as its general partner
    By: ESL Investments, Inc., as its general partner
    By:  

/s/ Edward S. Lampert

    Name: Edward S. Lampert
    Title:   Chief Executive Officer
    SPE I PARTNERS, LP
    By: RBS Partners, L.P., as its general partner
    By: ESL Investments, Inc., as its general partner
    By:  

/s/ Edward S. Lampert

    Name: Edward S. Lampert
    Title:   Chief Executive Officer
    SPE MASTER I, LP
    By: RBS Partners, L.P., as its general partner
    By: ESL Investments, Inc., as its general partner
    By:  

/s/ Edward S. Lampert

    Name: Edward S. Lampert
    Title:   Chief Executive Officer
    RBS PARTNERS, L.P.
    By: ESL Investments, Inc., as its general partner
    By:  

/s/ Edward S. Lampert

    Name: Edward S. Lampert
    Title:   Chief Executive Officer


ESL INVESTMENTS, INC.
By:  

/s/ Edward S. Lampert

Name: Edward S. Lampert
Title:   Chief Executive Officer
JPP, LLC
By:  

/s/ Edward S. Lampert

Name: Edward S. Lampert
Title:   Sole Member
EDWARD S. LAMPERT
By:  

/s/ Edward S. Lampert

 


Exhibit A


500 Stores¹

  #  

  

Store #

    

City

  

State

1    2027      Wasilla    AK
2    1136      Riverchase    AL
3    2126      Hot Springs    AR
4    1206      North Little Rock    AR
5    1798      Glendale    AZ
6    3707      Lake Havasu City    AZ
7    2218      Prescott    AZ
8    1728      Tucson    AZ
9    4996      Tucson    AZ
10    2288      Antioch    CA
11    3699      Apple Valley    CA
12    1228      Arden    CA
13    7619      Atascadero    CA
14    9608      Auburn    CA
15    1018      Baldwin Hills    CA
16    7653      Big Bear Lake    CA
17    7756      Bishop    CA
18    1008      Boyle    CA
19    1268      Buena Park    CA
20    1838      Burbank    CA
21    3834      Burbank    CA
22    7165      Camarillo    CA
23    1678      Carlsbad    CA
24    3086      Chico    CA
25    1358      Chula Vista    CA
26    1098      Clovis    CA
27    1368      Concord    CA
28    7098      Concord    CA
29    4047      Costa Mesa    CA
30    4857      Desert Hot Springs    CA
31    1309      Downey    CA
32    1758      Escondido    CA
33    2628      Eureka    CA
34    3725      Freedom    CA
35    1208      Fresno    CA
36    1088      Glendale    CA
37    9746      Grass Valley    CA
38    4457      Hayward    CA
39    1248      Hayward    CA
40    2028      Hemet    CA
41    3748      Hollister    CA
42    4819      Lakeport    CA
43    1209      Long Beach    CA
44    9328      Long Beach    CA
45    7390      Mckinleyville    CA

 

1.

To be updated to exclude any real estate interests sold pursuant to the motion seeking approval to sell certain of the Debtors’ assets to Amerco Real Estate Company (ECF No. 962).


500 Stores¹

  #  

  

Store #

    

City

  

State

46    1748      Montclair    CA
47    1868      Moreno Vly    CA
48    1168      No Hollywood    CA
49    4421      North Hollywood    CA
50    1508      Northridge    CA
51    3842      Oakdale    CA
52    1378      Orange    CA
53    1968      Palm Desert    CA
54    1068      Palmdale    CA
55    9551      Paradise    CA
56    1048      Pasadena    CA
57    3501      Petaluma    CA
58    3678      Ramona    CA
59    1818      Rancho Cucamonga    CA
60    3368      Redlands    CA
61    4349      Redwood City    CA
62    1788      Richmond    CA
63    1298      Riverside    CA
64    7175      Riverside    CA
65    1688      Salinas    CA
66    3412      Salinas    CA
67    1398      San Bernardino    CA
68    1478      San Bruno    CA
69    1488      San Jose-Eastridge    CA
70    2088      Santa Maria    CA
71    4371      Santa Maria    CA
72    7639      Santa Paula    CA
73    9797      Scotts Valley    CA
74    9153      South Lake Tahoe    CA
75    1288      Stockton    CA
76    3174      Stockton    CA
77    4751      Tehachapi    CA
78    1108      Temecula    CA
79    3127      Temple City    CA
80    1278      Torrance    CA
81    2059      Tracy    CA
82    1148      Ventura    CA
83    2829      Victorville    CA
84    2068      Visalia    CA
85    1189      West Covina    CA
86    3235      West Covina    CA
87    1149      Whittier    CA
88    2238      Yuba City    CA
89    1141      Aurora    CO
90    1111      Colorado Springs    CO

 

1.

To be updated to exclude any real estate interests sold pursuant to the motion seeking approval to sell certain of the Debtors’ assets to Amerco Real Estate Company (ECF No. 962).


500 Stores¹

  #  

  

Store #

    

City

  

State

91    1467      Ft Collins    CO
92    1271      Littleton/Denver    CO
93    7329      Loveland    CO
94    1281      Pueblo    CO
95    4453      Pueblo    CO
96    1831      Thornton    CO
97    1303      Danbury    CT
98    1443      Manchester    CT
99    3216      Vernon    CT
100    7109      Watertown    CT
101    4807      Bear    DE
102    7725      Rehoboth Beach    DE
103    1853      Wilmington    DE
104    3873      Wilmington    DE
105    3317      Boca Raton    FL
106    7321      Bradenton    FL
107    1007      Brandon    FL
108    2485      Brooksville    FL
109    1125      Coral Gables    FL
110    1055      Coral Springs    FL
111    1075      Daytona Beach    FL
112    4893      Ellenton    FL
113    3223      Fort Walton Beach    FL
114    1195      Ft Lauderdale    FL
115    1495      Ft Myers    FL
116    1345      Hialeah/Westland    FL
117    3818      Hollywood    FL
118    9614      Key Largo    FL
119    4725      Key West    FL
120    2215      Key West    FL
121    3269      Lantana    FL
122    2745      Leesburg    FL
123    9224      Marathon    FL
124    1175      Merritt Island    FL
125    4728      Miami    FL
126    3074      Miami    FL
127    1365      Miami/Cutler Rdg    FL
128    1485      Orange Pk    FL
129    1285      Orlando-South    FL
130    1456      Oviedo    FL
131    1765      Palm Beach Gardens    FL
132    1775      Pembroke Pines    FL
133    2145      Port Charlotte    FL
134    2885      Port Richey    FL
135    2135      Sebring    FL

 

1.

To be updated to exclude any real estate interests sold pursuant to the motion seeking approval to sell certain of the Debtors’ assets to Amerco Real Estate Company (ECF No. 962).


500 Stores¹

  #  

  

Store #

    

City

  

State

136    4355      St. Petersburg    FL
137    1585      Tallahassee    FL
138    1745      Tampa/Westshore    FL
139    1066      The Avenues    FL
140    1015      Vero Beach    FL
141    7294      Vero Beach    FL
142    2845      Athens    GA
143    1035      Augusta    GA
144    1095      Douglasville    GA
145    2505      Gainesville    GA
146    1155      Kennesaw    GA
147    7705      Tamuning    GU
148    1578      Aiea Oahu-Pearl Rdg    HI
149    2388      Hilo(Sur)    HI
150    1681      Honolulu    HI
151    2148      Kahului Maui(Sur)    HI
152    1738      Kaneohe(Sur)    HI
153    9220      Algona    IA
154    7767      Charles City    IA
155    2422      Sioux City    IA
156    7033      Lewiston    ID
157    7006      Twin Falls    ID
158    1172      Bloomingdale    IL
159    4381      Bridgeview    IL
160    1840      Chicago Ridge    IL
161    4214      Des Plaines    IL
162    1640      Fairview Hts    IL
163    1212      N Riverside    IL
164    1300      Oakbrook    IL
165    1321      Peoria    IL
166    2990      Rockford-Cherryvale    IL
167    1570      Schaumburg    IL
168    1820      West Dundee    IL
169    9124      Elwood    IN
170    7243      Kokomo    IN
171    1650      Merrillville    IN
172    1800      Mishawaka    IN
173    9030      Peru    IN
174    7246      Richmond    IN
175    7042      Valparaiso    IN
176    9122      Warsaw    IN
177    1161      Wichita-Town East    KS
178    3029      Erlanger    KY
179    7255      Somerset    KY
180    1147      Baton Rouge    LA

 

1.

To be updated to exclude any real estate interests sold pursuant to the motion seeking approval to sell certain of the Debtors’ assets to Amerco Real Estate Company (ECF No. 962).


500 Stores¹

  #  

  

Store #

    

City

  

State

181    4810      Metairie    LA
182    7104      Acton    MA
183    1213      Auburn    MA
184    3288      Billerica    MA
185    1283      Braintree    MA
186    4407      Brockton    MA
187    1223      Brockton-Westgate    MA
188    1243      Hanover    MA
189    3433      Holyoke    MA
190    3040      Hyannis    MA
191    1133      Leominster    MA
192    1104      Marlborough    MA
193    1033      N Attleboro    MA
194    2373      No Dartmouth    MA
195    9255      Palmer    MA
196    1053      Saugus    MA
197    3486      Somerville    MA
198    9692      Webster    MA
199    1725      Annapolis    MD
200    3256      Baltimore    MD
201    1634      Baltimore-West    MD
202    1374      Bel Air    MD
203    2774      Cumberland    MD
204    7713      Edgewater    MD
205    2664      Frederick    MD
206    3131      Frederick    MD
207    1013      Glen Burnie    MD
208    3172      Hagerstown    MD
209    3798      Hyattsville    MD
210    1854      Parkville    MD
211    1773      Salisbury    MD
212    1304      Silver Spring    MD
213    4399      Silver Spring    MD
214    7673      Stevensville    MD
215    1074      Waldorf    MD
216    3021      Auburn    ME
217    7133      Augusta    ME
218    2203      Brunswick    ME
219    2183      So Portland    ME
220    3155      Belleville    MI
221    9385      Clio    MI
222    1011      Grandville    MI
223    9557      Grayling    MI
224    3819      Hastings    MI
225    1170      Lansing    MI

 

1.

To be updated to exclude any real estate interests sold pursuant to the motion seeking approval to sell certain of the Debtors’ assets to Amerco Real Estate Company (ECF No. 962).


500 Stores¹

  #  

  

Store #

    

City

  

State

226    1460      Livonia    MI
227    9693      Marine City    MI
228    3841      Marshall    MI
229    7031      Menominee    MI
230    7068      Midland    MI
231    1192      Muskegon    MI
232    1760      Novi    MI
233    9593      Oscoda    MI
234    1110      Portage    MI
235    1590      Saginaw    MI
236    4206      Warren    MI
237    3379      Waterford Twp.    MI
238    1092      Westland    MI
239    1722      Bloomington    MN
240    9689      International Falls    MN
241    3405      Minneapolis    MN
242    4351      Rochester    MN
243    3059      St. Paul    MN
244    1822      Cape Girardeau    MO
245    9353      Crystal City    MO
246    1121      Independence    MO
247    1042      Joplin    MO
248    1171      Springfield    MO
249    1182      St Peters    MO
250    9520      Gulfport    MS
251    9808      Hamilton    MT
252    7030      Kalispell    MT
253    3886      Asheville    NC
254    2105      Burlington    NC
255    7208      Clemmons    NC
256    1165      Concord    NC
257    1475      Durham    NC
258    1045      Durham-Northgate    NC
259    1335      Greensboro    NC
260    2175      Greenville    NC
261    2515      Hickory    NC
262    2755      Jacksonville    NC
263    3744      Kill Devil Hills    NC
264    9619      Morehead City    NC
265    9549      Morganton    NC
266    1605      Raleigh    NC
267    3667      Raleigh    NC
268    7626      Waynesville    NC
269    4272      Bismarck    ND
270    4057      Fargo    ND

 

1.

To be updated to exclude any real estate interests sold pursuant to the motion seeking approval to sell certain of the Debtors’ assets to Amerco Real Estate Company (ECF No. 962).


500 Stores¹

  #  

  

Store #

    

City

  

State

271    4022      Grand Forks    ND
272    4353      Minot    ND
273    9319      Alliance    NE
274    2191      Lincoln    NE
275    1041      Omaha    NE
276    2023      Concord    NH
277    3175      Hooksett    NH
278    1313      Nashua    NH
279    4448      Salem    NH
280    7048      West Lebanon    NH
281    3438      Avenel    NJ
282    7177      Belleville    NJ
283    1204      Freehold    NJ
284    1094      Hackensack    NJ
285    1044      Jersey Cty/Newport    NJ
286    3499      Kearny    NJ
287    1614      Livingston    NJ
288    1494      Moorestown    NJ
289    1314      New Brunswick    NJ
290    1764      Rockaway    NJ
291    9463      Somers Point    NJ
292    3071      Toms River    NJ
293    4478      Trenton    NJ
294    7602      Wall    NJ
295    3056      Wayne    NJ
296    1434      Wayne    NJ
297    4470      West Long Branch    NJ
298    9413      West Orange    NJ
299    3202      Westwood    NJ
300    1684      Woodbridge    NJ
301    7035      Farmington    NM
302    2597      Farmington    NM
303    7016      Hobbs    NM
304    2527      Las Cruces    NM
305    7017      Roswell    NM
306    3301      Santa Fe    NM
307    3592      Las Vegas    NV
308    1328      Las Vegas(Blvd)    NV
309    1668      Las Vegas(Meadows)    NV
310    9589      Bath    NY
311    3862      Bohemia    NY
312    9423      Bridgehampton    NY
313    7654      Bronx    NY
314    9420      Bronx    NY
315    1114      Brooklyn    NY

 

1.

To be updated to exclude any real estate interests sold pursuant to the motion seeking approval to sell certain of the Debtors’ assets to Amerco Real Estate Company (ECF No. 962).


500 Stores¹

  #  

  

Store #

    

City

  

State

316    3415      Buffalo    NY
317    1984      Buffalo/Hamburg    NY
318    4871      Farmingville    NY
319    9274      Greenwich    NY
320    7065      Horseheads    NY
321    2744      Horseheads/Elmira    NY
322    4726      Jamestown    NY
323    1364      Lake Grove    NY
324    1404      Massapequa    NY
325    4034      Mattydale    NY
326    7749      New York    NY
327    7777      New York    NY
328    2593      Newburgh    NY
329    1333      Poughkeepsie    NY
330    4928      Queensbury    NY
331    1894      Rochester    NY
332    7676      Sidney    NY
333    1624      Staten Island    NY
334    1924      Valley Stream    NY
335    7677      Wellsville    NY
336    9416      White Plains    NY
337    1674      White Plains    NY
338    1733      Yonkers    NY
339    9414      Yorktown Heights    NY
340    7383      Barberton    OH
341    3286      Brunswick    OH
342    1410      Canton    OH
343    1810      Cincinnati-Eastgate    OH
344    3013      Cleveland    OH
345    9096      Fostoria    OH
346    7397      Grove City    OH
347    7644      Harrison    OH
348    1081      Heath    OH
349    2010      Mansfield    OH
350    7477      Marietta    OH
351    1710      No Olmsted    OH
352    3243      North Canton    OH
353    1210      Polaris    OH
354    2390      Springfield    OH
355    2104      St Clairsville    OH
356    3142      Tallmadge    OH
357    1120      Tuttle Crossing    OH
358    4782      Clinton    OK
359    3839      Corvallis    OR
360    2179      Medford    OR

 

1.

To be updated to exclude any real estate interests sold pursuant to the motion seeking approval to sell certain of the Debtors’ assets to Amerco Real Estate Company (ECF No. 962).


500 Stores¹

  #  

  

Store #

    

City

  

State

361    3888      The Dalles    OR
362    2494      Altoona    PA
363    9161      Berwick    PA
364    1711      Camp Hill    PA
365    3225      Chambersburg    PA
366    7293      Clifton Heights    PA
367    3911      Columbia    PA
368    3737      Doylestown    PA
369    7192      Easton    PA
370    3266      Edwardsville    PA
371    3963      Elizabethtown    PA
372    9662      Ephrata    PA
373    4113      Erie    PA
374    1073      Exton    PA
375    1714      Greensburg    PA
376    1224      Harrisburg    PA
377    3597      Holmes    PA
378    1644      Lancaster    PA
379    7699      Lebanon    PA
380    7372      Leechburg    PA
381    1654      Media    PA
382    7083      New Castle    PA
383    1834      North Wales    PA
384    3529      Pittsburgh    PA
385    3136      Shillington    PA
386    4713      Towanda    PA
387    3954      Walnutport    PA
388    2114      Washington    PA
389    7374      West Chester    PA
390    1154      Whitehall    PA
391    3268      Wilkes-Barre    PA
392    3390      Williamsport    PA
393    1354      Willow Grove    PA
394    3810      Willow Street    PA
395    3949      Wind Gap    PA
396    4732      Aguadilla    PR
397    7566      Arecibo    PR
398    1915      Bayamon    PR
399    7570      Bayamon    PR
400    7788      Bayamon    PR
401    1085      Caguas    PR
402    7419      Caguas    PR
403    1925      Carolina    PR
404    7665      Carolina    PR
405    7446      Cayey    PR

 

1.

To be updated to exclude any real estate interests sold pursuant to the motion seeking approval to sell certain of the Debtors’ assets to Amerco Real Estate Company (ECF No. 962).


500 Stores¹

  #  

  

Store #

    

City

  

State

406    2085      Fajardo    PR
407    9394      Fajardo    PR
408    2675      Guayama    PR
409    3853      Guayama    PR
410    7768      Guaynabo    PR
411    2355      Hatillo(Arecibo)    PR
412    1905      Hato Rey    PR
413    7783      Hato Rey    PR
414    3993      Juana Diaz    PR
415    1935      Mayaguez    PR
416    3882      Mayaguez    PR
417    2385      Naranjito    PR
418    1945      Ponce    PR
419    7741      Ponce    PR
420    4844      Rio Piedras    PR
421    4494      Trujillo Alto    PR
422    7784      Vega Alta    PR
423    7752      Yauco    PR
424    1595      Greenville    SC
425    4016      Greenville    SC
426    7616      Lexington    SC
427    1795      Myrtle Beach    SC
428    7062      Sumter    SC
429    4141      West Columbia    SC
430    4170      Rapid City    SD
431    1386      Goodlettsville    TN
432    2036      Jackson    TN
433    2265      Johnson City    TN
434    3147      Kingsport    TN
435    9621      Lebanon    TN
436    9735      Sevierville    TN
437    1307      Abilene    TX
438    1437      Arlington/Parks    TX
439    1407      Beaumont    TX
440    2497      Brownsville    TX
441    1217      Corpus Christi    TX
442    1317      El Paso    TX
443    1447      Hulen    TX
444    1417      Humble    TX
445    1297      Hurst    TX
446    2487      Killeen    TX
447    2247      Laredo    TX
448    4389      Mcallen    TX
449    1187      Mesquite-Town East    TX
450    1176      Pasadena    TX

 

1.

To be updated to exclude any real estate interests sold pursuant to the motion seeking approval to sell certain of the Debtors’ assets to Amerco Real Estate Company (ECF No. 962).


500 Stores¹

  #  

  

Store #

    

City

  

State

451    1629      Pharr    TX
452    1337      Plano    TX
453    2637      Port Arthur    TX
454    1207      Richardson    TX
455    1427      Rolling Oaks    TX
456    1097      San Antonio    TX
457    1127      Shepherd    TX
458    2197      Texas City    TX
459    1377      Willowbook    TX
460    9794      St. George    UT
461    1284      Alexandria    VA
462    2435      Charlottesville    VA
463    3471      Chesapeake    VA
464    1274      Chesterfield    VA
465    1024      Falls Church    VA
466    2694      Fredericksburg    VA
467    1023      Loudoun/Dulles    VA
468    2395      Manassas    VA
469    1974      Roanoke    VA
470    3785      Tabb    VA
471    2784      Winchester    VA
472    7413      Frederiksted    VI
473    3972      St. Croix    VI
474    3829      St. Thomas    VI
475    7793      St. Thomas    VI
476    1463      Burlington    VT
477    2299      Aberdeen    WA
478    3722      Burlington    WA
479    1038      E Valley    WA
480    2049      Everett    WA
481    2329      Kennewick(Pasco)    WA
482    2219      Lacey/Olympia    WA
483    2309      Silverdale    WA
484    1029      Spokane    WA
485    4147      Spokane    WA
486    1139      Tukwila    WA
487    2029      Union Gap    WA
488    7034      Walla Walla    WA
489    2092      Appleton    WI
490    3088      Kenosha    WI
491    2232      Madison-East    WI
492    7648      Mauston    WI
493    3692      Oconomowoc    WI
494    3851      Racine    WI
495    7649      Ripon    WI

 

1.

To be updated to exclude any real estate interests sold pursuant to the motion seeking approval to sell certain of the Debtors’ assets to Amerco Real Estate Company (ECF No. 962).


500 Stores¹

  #  

  

Store #

    

City

  

State

496    3750      Waupaca    WI
497    1804      Barboursville    WV
498    4442      Charleston    WV
499    3484      Elkview    WV
500    7139      Jackson    WY

 

1.

To be updated to exclude any real estate interests sold pursuant to the motion seeking approval to sell certain of the Debtors’ assets to Amerco Real Estate Company (ECF No. 962).


Supply Chain

  #  

    

Store #

    

City

  

State

1      8722      Anchorage(Sur)    AK
2      8706      Birmingham    AL
3      8941      Little Rock    AR
4      8778      Phoenix    AZ
5      8937      Tucson    AZ
6      8901      Benicia    CA
7      8913      Fresno    CA
8      8868      Milpitas    CA
9      8928      Mira Loma(Jurupa Vl)    CA
10      8287      Ontario    CA
11      8729      Ontario    CA
12      8768      Sacramento    CA
13      8748      San Diego    CA
14      8808      Santa Ana    CA
15      8708      Stockton    CA
16      8758      Sylmar    CA
17      8290      Brighton    CO
18      8723      West Haven    CT
19      4456      Bridgeville    DE
20      8972      Ft Myers    FL
21      8990      Ft Pierce    FL
22      425      Jacksonville    FL
23      8864      Ocala    FL
24      8957      Pensacola    FL
25      8815      Sunrise    FL
26      8895      Tampa    FL
27      8825      Winter Park    FL
28      8872      Pendergrass    GA
29      8902      Savannah    GA
30      8818      Pearl City    HI
31      45113      Des Moines    IA
32      8711      Boise    ID
33      8844      Bloomington    IL
34      8730      Granite City    IL
35      45114      Omaha    NE
36      8720      Melrose Park    IL
37      4297      Moline    IL
38      8262      Naperville    IL
39      8871      Romeoville    IL
40      8934      Romeoville    IL
41      8017      Evansville    IN
42      8013      Fort Wayne    IN
43      8750      Indianapolis    IN
44      8014      South Bend    IN
45      8273      Lawrence    KS


Supply Chain

  #  

    

Store #

    

City

  

State

46      8081      Wichita    KS
47      8920      Louisville    KY
48      8896      Gonzales    LA
49      8736      Harahan    LA
50      8851      Westwood    MA
51      8814      Columbia    MD
52      8830      Livonia    MI
53      8982      Saginaw    MI
54      8949      Wayland    MI
55      8701      Riverside    MO
56      88776      Olive Branch    MS
57      8822      Charlotte    NC
58      8704      Greensboro    NC
59      7385      Raleigh    NC
60      8703      Kingston    NH
61      78714      Secaucus    NJ
62      8835      Swedesboro    NJ
63      8905      Albuquerque    NM
64      8970      Las Vegas    NV
65      6298      Sparks    NV
66      8854      Cheektowaga    NY
67      8959      Menands    NY
68      8102      Rochester    NY
69      8753      Syosset    NY
70      8790      Cleveland    OH
71      8712      Columbus    OH
72      8862      Columbus    OH
73      8918      Monroe    OH
74      8931      Oklahoma City    OK
75      4363      Tulsa    OK
76      8883      Eugene    OR
77      8841      Portland    OR
78      8744      Allentown    PA
79      8875      Altoona    PA
80      8873      Gouldsboro    PA
81      433      Middletown    PA
82      8275      Morrisville    PA
83      8724      Pittsburgh    PA
84      8962      Steelton    PA
85      1935      Mayaguez    PR
86      1945      Ponce    PR
87      8975      Rio Piedras    PR
88      8846      Greenville    SC
89      8858      Ladson    SC
90      8037      Chattanooga    TN


Supply Chain

  #  

    

Store #

    

City

  

State

91      8947      Knoxville    TN
92      8756      Memphis    TN
93      8206      Nashville    TN
94      8870      Dallas    TX
95      8021      El Paso    TX
96      8807      Grapevine    TX
97      7972      Mcallen    TX
98      8922      Pflugersville    TX
99      8747      San Antonio    TX
100      8948      Salt Lake Cty    UT
101      8838      Chesapeake    VA
102      8823      Dulles    VA
103      8836      Richmond    VA
104      45061      Colchester    VT
105      8709      Kent    WA
106      8897      Kent    WA
107      2329      Richland    WA
108      8004      Spokane    WA
109      8968      Janesville    WI
110      8725      Vandenbroek    WI
111      8782      Wauwatosa    WI
112      449      Delano    CA
113      8292      Ocala    FL
114      8755      Tucker    GA
115      490      Hoffman Est    IL
116      8289      Manteno    IL
117      8702      Minneapolis    MN
118      8717      Houston    TX
119      30962      Groveport    OH
120      8305      Warren    OH
121      8147      San Antonio    TX
122      8217      Fort Worth    TX
123      8137      Houston    TX


Other Dove & Sparrow Assets¹

  #  

    

Store #

    

City

  

State

1      2819      Fairbanks    AK
2      1588      Phoenix-Metro Ctr    AZ
3      1598      City of Industry    CA
4      1043      Meriden    CT
5      1263      Waterbury    CT
6      1255      Citrus Park    FL
7      1635      Jacksonville    FL
8      1555      Sanford    FL
9      8245      Seminole    FL
10      2815      Albany    GA
11      2065      Brunswick    GA
12      1565      Morrow(Southlake)    GA
13      2760      Davenport    IA
14      1012      Des Moines    IA
15      2121      Peru    IL
16      2360      Quincy    IL
17      4423      Rockford    IL
18      31914      Round Lake Beach    IL
19      4048      Springfield    IL
20      1780      Springfield    IL
21      1600      Indianapolis    IN
22      1680      Indianapolis    IN
23      2290      Michigan City    IN
24      1642      Topeka    KS
25      1730      Florence    KY
26      2087      Alexandria    LA
27      1086      Baton Rouge    LA
28      2677      Bossier City    LA
29      1116      Monroe    LA
30      1077      Shreveport    LA
31      1093      Springfield    MA
32      2934      Taunton    MA
33      2040      Battle Creek    MI
34      1700      Dearborn    MI
35      1100      Flint    MI
36      4998      Roseville    MI
37      1720      Sterling Hts    MI
38      2180      Traverse City    MI
39      38480      Troy    MI
40      1032      Brooklyn Center    MN
41      2500      Duluth    MN
42      1222      St. Louis    MO
43      1306      Hattiesburg    MS
44      1166      Meridian    MS
45      2242      Billings    MT

 

1.

To be updated to exclude any real estate interests sold pursuant to the motion seeking approval to sell certain of the Debtors’ assets to Amerco Real Estate Company (ECF No. 962).


Other Dove & Sparrow Assets¹

  #  

    

Store #

    

City

  

State

46      1712      Grand Forks    ND
47      1022      Oakview    NE
48      1734      Lawrenceville    NJ
49      1554      Mays Landing    NJ
50      1744      Ocean    NJ
51      1717      Albuquerque    NM
52      1051      Strongsville    OH
53      1293      Robinson Twp    PA
54      2305      Anderson    SC
55      1545      Spartanburg    SC
56      1315      Chattanooga    TN
57      1675      Knoxville East Town    TN
58      1216      Memphis/Southland    TN
59      1487      Austin    TX
60      2547      College Station    TX
61      2587      Denton    TX
62      1027      El Paso    TX
63      1267      Fort Worth    TX
64      49027      Round Rock    TX
65      4395      Cudahy    WI
66      2432      La Crosse    WI

 

1.

To be updated to exclude any real estate interests sold pursuant to the motion seeking approval to sell certain of the Debtors’ assets to Amerco Real Estate Company (ECF No. 962).


ANNEX B

RECENT TRANSACTIONS BY THE REPORTING PERSONS IN THE SECURITIES OF

SEARS HOLDINGS CORPORATION

 

Entity

   Date of
Transaction
   

Description

of Transaction

   Shares
Acquired
    Price
Per Share
 

JPP, LLC

     10/15/2018 (1)    Acquisition from Holdings of Second Lien Term Loans      188,769 (1)(2)      (1 )(3) 

JPP II, LLC

     10/15/2018 (4)    Acquisition from Holdings of Second Lien Term Loans      86,226 (4)(2)      (4 )(3) 

JPP, LLC

     11/05/2018     Acquisition from Holdings of Second Lien Term Loans      371,056 (2)      (3

JPP II, LLC

     11/05/2018     Acquisition from Holdings of Second Lien Term Loans      169,490 (2)      (3

JPP, LLC

     12/05/2018     Acquisition from Holdings of Second Lien Term Loans      534,578 (2)      (3

JPP II, LLC

     12/05/2018     Acquisition from Holdings of Second Lien Term Loans      244,183 (2)      (3

 

(1)

As a result of an administrative error, JPP, LLC previously disclosed in Annex B to the Amendment to Schedule 13D filed by the Reporting Persons with the SEC on November 16, 2018, that it obtained the right to acquire an additional 402,020 shares of Holdings Common Stock within 60 days upon the conversion of the Second Lien Term Loan as a result of an election by Holdings to pay interest on the Second Lien Term Loan in-kind by increasing the principal amount of the Second Lien Term Loan held by JPP, LLC. However, in connection with the commencement by Holdings and certain of its subsidiaries of the Chapter 11 Cases in the Bankruptcy Court seeking relief under Chapter 11 of the Bankruptcy Code, accrued interest on the Second Lien Term Loan actually became payable on October 15, 2018, and the Second Lien Borrowers at that time elected to pay interest on the Second Lien Term Loan by increasing the principal amount of the Second Lien Term Loan held by JPP, LLC.

(2)

Represents the number of shares of Holdings Common Stock that may be acquired within 60 days upon the conversion of the Second Lien Term Loan into shares of Holdings Common Stock. Holdings’ obligations with respect to the Second Lien Term Loan may be converted into shares of Holdings Common Stock at the option of an eligible holder at a conversion rate of 200 shares of Holdings Common Stock per $1,000 in principal amount of indebtedness outstanding under the Second Lien Term Loan (subject to adjustment).

(3)

Holdings elected to pay interest on the Second Lien Term Loan in-kind by increasing the principal amount of the Second Lien Term Loan held by such reporting person.

(4)

As a result of an administrative error, JPP II, LLC previously disclosed in Annex B to the Amendment to Schedule 13D filed by the Reporting Persons with the SEC on November 16, 2018, that it obtained the right to acquire an additional 183,634 shares of Holdings Common Stock within 60 days upon the conversion of the Second Lien Term Loan as a result of an election by Holdings to pay interest on the Second Lien Term Loan in-kind by increasing the principal amount of the Second Lien Term Loan held by JPP II, LLC. However, in connection with the commencement by Holdings and certain of its subsidiaries of the Chapter 11 Cases in the Bankruptcy Court seeking relief under Chapter 11 of the Bankruptcy Code, accrued interest on the Second Lien Term Loan actually became payable on October 15, 2018, and the Second Lien Borrowers at that time elected to pay interest on the Second Lien Term Loan by increasing the principal amount of the Second Lien Term Loan held by JPP II, LLC.