Sears continues to try reduce its future pension obligations by offering early buyouts to its retirees, and is selling debt bonds to offset some of the costs.
By Andy Stonehouse|January 23, 2013 at 07:18 AM
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Long-standing U.S. retail giant Sears continues to try to offset its current and future retirement costs through some careful management of its debt – and a move to try to soften those pension obligations.
Bloomberg reports that in an effort to help fund lump-sum payments to its retirees, the company’s employee pension plan has sold off a share of the $250 million in Sears Holdings Corp. debt it purchased several years ago.
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