Sears secures court approval for additional $350 million loan
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NEW YORK/SAN FRANCISCO (Reuters) - Sears Holdings Corp won court approval on Tuesday for a new deal clinching $350 million in critical bankruptcy financing that will keep the 125-year-old retailer operating through the holidays while it attempts to reorganize.Sears reached the deal with Cyrus Capital Partners LP for the financing just before a hearing began in U.S. Bankruptcy Court for the Southern District of New York on the iconic retailer's so-called debtor-in-possession financing..