NEW YORK, NY – Brean Capital, LLC, a full-service investment banking firm specializing in institutional capital raising and advisory services, announced the closing of a $75,000,000 offering of Senior Secured Notes by Transform Lease Opco LLC  (the “Company”), a newly formed operating subsidiary of Transform Holdco LLC, the parent entity and owner of the former assets of Sears and Kmart. The Notes were rated investment grade by a nationally recognized statistical ratings organization.  Proceeds from the transaction will be utilized to provide growth capital for the repositioning and releasing of the Company’s portfolio of leased real estate assets.

“This unique transaction is another example of our progress in successfully monetizing the value of our real estate portfolio,” said Scott Carr, President of Real Estate at Transformco.

Brean Capital, LLC served as the Company’s Exclusive Financial Advisor and Placement Agent in connection with the transaction.

Transformco is a privately held company with five core businesses: A real estate portfolio of 51.4 million square feet; Sears Home Services, the nation’s largest appliance repair provider; the Shop Your Way® loyalty and credit card program; Transform Brands, home of Kenmore and a licensee of DieHard; and Sears and Kmart full-line stores, specialty stores and online operations.

Brean Capital’s Investment Banking Group is dedicated to helping its clients achieve their strategic and financial goals. For more than 40 years, the Firm has specialized in providing capital raising, M&A and financial advisory services to middle market businesses. Throughout its history, Brean Capital has established a track record of providing its clients with deep market knowledge, commitment and experience to ensure a successful transaction.  For more information, please visit: www.breancapital.com/InvestmentBanking.

Contact the team
Interested to learn more and see how Brean Capital can help your business? Contact the team below:

Managing Director
Head of Real Estate Investment Banking
(212) 702-6565
CTognola@breancapital.com

Managing Director
Investment Banking
(212) 702-6642
VContente@breancapital.com

Managing Director
Capital Markets
(212) 702-6614
ONaporano@breancapital.com

Managing Director
Investment Banking
(212) 702-6642
MCoogan@breancapital.com

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