NEW YORK — Sears Holdings Corp. says it has secured loans for a total of $210 million as the ailing retailer continues to prop up its business.

The Hoffman Estates, Illinois-based company, which operates stores under the Sears and Kmart brands, says it secured loans through its Chairman Eddie Lampert’s fund ESL Investment and other sources, according to a government filing.

Last month, it said it was in discussions with lenders to restructure its debt.

Sears said Wednesday it’s laying off 220 workers at its headquarters.

Sears has been selling off some of its real estate and brands as it tries to raise cash.

Author photo
ANNE D'INNOCENZIO
The AP is one of the largest and most trusted sources of independent newsgathering. AP is neither privately owned nor government-funded; instead, as a not-for-profit news cooperative owned by its American newspaper and broadcast members, it can maintain its single-minded focus on newsgathering and its commitment to the highest standards of objective, accurate journalism.