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On Dec. 29, Sears announced it secured a standby letter of credit facility for up to $200 million that can be expanded up to $500 million if the lender approves. On Jan. 4, Sears said it entered into a $500 million committed secured loan facility secured by mortgages on 46 properties. On Jan. 5, Sears announced it was selling the Craftsman brand to Stanley Black & Decker (NYSE: SWK) for $900 million. Too many trips to the well More From Fool.com He Made 21,078% Buying Amazon. Heres His New Pick Taken as a whole, it's a revealing look at the desperate straits Sears Holdings finds itself in.

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