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The company has staved off death by borrowing money, but how long can that last? 28 at .18 and rallied on the news of the new line of available borrowing to close the next day at , a 10% gain. The company posted a loss of 8 million in its fiscal third quarter this year, up from a 4 million loss in Q3 2015.

But little has happened to show that Lampert's vision will come true.Sears has already lost

But little has happened to show that Lampert's vision will come true.

Sears has already lost $1.61 billion through three quarters in 2016, after losing $7.1 billion over the four previous fiscal years. The new credit line Sears has lined up guarantees the company $200 million in credit.

"It's so sad," Romero said, looking across the deserted aisles at a Burbank store.

The year's end inspires holiday-shopping nostalgia for its loyal customers, but it brings mostly gloom for once-mighty Sears, including an adjusted loss of $333 million for the third quarter that landed as Black Friday sales were being tallied.

Over the past two years, Lampert and his hedge fund have loaned Sears more than $800 million — not including this most recent cash infusion — to keep the chain in operation, according to Business Insider. The Sears anchor store at the Charleston Town Center will close in mid-April, Sears spokesman Howard Riefs confirmed Wednesday.

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But little has happened to show that Lampert's vision will come true.Sears has already lost $1.61 billion through three quarters in 2016, after losing $7.1 billion over the four previous fiscal years. The new credit line Sears has lined up guarantees the company $200 million in credit."It's so sad," Romero said, looking across the deserted aisles at a Burbank store.The year's end inspires holiday-shopping nostalgia for its loyal customers, but it brings mostly gloom for once-mighty Sears, including an adjusted loss of $333 million for the third quarter that landed as Black Friday sales were being tallied.Over the past two years, Lampert and his hedge fund have loaned Sears more than $800 million — not including this most recent cash infusion — to keep the chain in operation, according to Business Insider. The Sears anchor store at the Charleston Town Center will close in mid-April, Sears spokesman Howard Riefs confirmed Wednesday.

.61 billion through three quarters in 2016, after losing .1 billion over the four previous fiscal years. The new credit line Sears has lined up guarantees the company 0 million in credit."It's so sad," Romero said, looking across the deserted aisles at a Burbank store.The year's end inspires holiday-shopping nostalgia for its loyal customers, but it brings mostly gloom for once-mighty Sears, including an adjusted loss of 3 million for the third quarter that landed as Black Friday sales were being tallied.Over the past two years, Lampert and his hedge fund have loaned Sears more than 0 million — not including this most recent cash infusion — to keep the chain in operation, according to Business Insider. The Sears anchor store at the Charleston Town Center will close in mid-April, Sears spokesman Howard Riefs confirmed Wednesday.

"As Sears Holdings has consistently shown, we will take actions to adjust our capital structure, generate liquidity and manage our business to enable us to execute on our transformation while meeting all of our financial obligations," stated Jason M. "This new standby letter of credit facility further demonstrates that Sears Holdings has numerous options to finance our business strategy." Sears reported dismal results for its most recent quarter, with its loss widening to 8 million from 4 million in the year-ago period. The Sears Auto Center will also be closing as part of the move.

That line can be expanded by up to another 0 million if the company and the lender agree.

The money is coming from affiliates of ESL Investments Inc.

That never materialized, which suggests that either the offers were not high enough or none were made.

Still, it's likely that Sears could sell off those brands and raise the money it needs to keep going, at least in the short term.

Lampert has insisted that closing stores and building out Shop Your Way offers his company a future, but nothing in Sears' financials suggest that to be true.