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Sears DC Corp.
3711 Kennett Pike
Phone: (302) 434-3100p:302 434-3100 Greenville, DE  19807  United States

This company ceased filing statements with the SEC on 4/28/2004.
This is a Subsidiary, click here for the Parent Company

Business Summary
Sears DC Corp. ("SDC" or the "Company"), a wholly-owned subsidiary of Sears, Roebuck and Co. ("Sears") was formed to borrow in domestic and foreign debt markets and lend the proceeds of such borrowings to Sears and certain direct and indirect subsidiaries of Sears in exchange for their unsecured notes. SDC raised funds through the sale of its medium-term notes and direct placement of commercial paper with corporate and institutional investors. The only outstanding debt of SDC is two series of medium-term notes. SDC does not plan to issue additional debt. Under an agreement between SDC and Sears, the interest rate paid by Sears on its unsecured notes is designed to produce earnings sufficient to cover SDC's fixed charges at least 1.005 times. Required payments of principal and interest to SDC under the Sears borrowing agreement are intended to be sufficient to allow SDC to make timely payments of principal and interest to the holders of its securities. A Net Worth Maintenance Agreement exists between Sears and SDC which requires Sears to maintain ownership of and positive stockholder's equity in SDC.

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Financials, News and Filings
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Business Names
Business Name
SEARS DC CORP
Sears DC Corp.

General Information
Federal Tax Id: 363533346


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Monday, January 16, 2023