GE Capital's Corporate Retail Finance has announced that it co-led a $4 billion asset-based credit facility for Sears Holdings Corp, leading retailer operating more than 3,800 stores throughout the US. and Canada.

The loan will be used for Sears' working capital needs and GE Capital Markets served as joint lead arranger.

Based in Hoffman Estates, IL, Sears Holdings Corp is a leading retailer of home appliances, tools, lawn and garden products, home electronics and automotive repair and maintenance. The company operates through its subsidiaries, including Sears, Roebuck and Co. and Kmart Corporation.

''GE worked closely with us to structure a loan to fully meet our needs,'' said Michael D. Collins, senior vice president and CFO for Sears Holdings Corp. ''Their retail experience allowed them to understand our business and make a significant financial commitment

''We're pleased to be able to provide $400 million to Sears in this transaction, making the largest contribution of new capital to the company and demonstrating how retailers benefit from working with a retail-focused lending team,'' said Jim Hogan, managing director of GE Capital, Corporate Retail Finance. ''Even in this challenging environment, retailers with strong business models can access the capital they require to help meet their business objectives.''

GE Capital, Corporate Retail Finance is a leading provider of senior secured loans to retailers, primarily in the US, to support working capital, growth, acquisitions and more.