Bank of America Merrill Lynch Named as Top Supplier for Sears Holdings

  Bank of America Merrill Lynch Named as Top Supplier for Sears Holdings

  Sears Holdings Recognizes Top Suppliers as True Partners in Transformation

Business Wire

NEW YORK -- July 1, 2013

Bank of America Merrill Lynch today announced it was named a 2013 Partner in
Transformation for Sears Holdings Corporation. BofA Merrill received the award
for “outstanding partnership” in managing the credit facility that supported
the separation of Sears Hometown and Outlet Stores, Inc. from Sears Holdings.
The designation also recognized the bank’s leadership in providing Sears with
card and payments solutions, including last year’s implementation of
ePayables. The award was recently presented by Sears Holdings at the company’s
2013 Vendor Summit.

Sears Holdings presented the prestigious Partners in Transformation award to a
select group of supplier companies that excel in supporting the transformation
of Sears Holdings through innovation around the Shop Your Way^SM program, core
retail excellence, and financial and operational discipline. Of the more than
30,000 suppliers that work with Sears Holdings, less than one half of one
percent had the privilege of receiving this award.

“The Partners in Transformation award recognizes our top-performing suppliers
as true partners that support our transformation in becoming a leader in
integrated retail,” said Edward S. Lampert, Sears Holdings’ chairman and chief
executive officer. “They provide the quality products, services and
experiences that exceed the expectations of our Shop Your Way members, and
enable us to build successful, meaningful relationships with them. Through our
continued collaboration, we will be able to more effectively leverage the
breadth of our portfolio and the power of our brands to meet our members’ and
customers’ needs.”

The Partners in Transformation recipients were selected from nominations that
were submitted by those Sears Holdings’ associates responsible for purchasing
decisions.

“At Bank of America Merrill Lynch, we strive to provide our clients with not
only the best products but also the advisory expertise that will help them
choose the right financial solutions to complement their strategic objectives,
whether that be financing corporate transitions or implementing programs that
help unlock their working capital. We are honored to be recognized by Sears
Holdings and we are committed to maintaining a level of excellence across all
our businesses,” said Paul M. Donofrio, head of Global Corporate Credit and
Transaction Banking.

Bank of America Merrill Lynch is a leader in global credit markets, providing
innovative financing solutions to clients all over the world. Our
award-winning platform helps clients access liquidity, manage risk and
maximize value across the broad credit universe.

The Commercial Card group, which worked with Sears Holdings on the card
programs, provides card and payment solutions to large and middle-market
companies, globally. Along with Purchasing Card and Travel and Expense Card
programs, the ePayables solution helps companies further their transition from
paper to electronic payments, which has the benefit of improving visibility,
managing available funds in real time, reducing risk, and reducing the cost
associated with check payments.

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Contact:

Reporters May Contact:
Louise Hennessy, Bank of America Merrill Lynch, 1.646.858.1403
louise.hennessy@bankofamerica.com
 
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