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Buffett's Berkshire offers loan to owner of former Sears properties

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Billionaire Warren Buffett’s Berkshire Hathaway Inc. agreed to loan up to $2 billion to a company that owns former Sears Holdings Corp. properties.

The owner, New York-based real estate investment trust Seritage Growth Properties, was backed early on by Buffett.

Buffett's company offered a term loan facility to help the REIT with operating capital.

Read more from Reuters.

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