Sears Holdings Corporation has acquired a new $100 million term loan, secured by ground leases and intellectual property, and is seeking an additional $200 million from other lenders using the same collateral. Sears also has amended its second-lien notes due October 15 to allow for a higher advance rate against inventory and to defer testing a collateral coverage covenant until the second quarter. Sears is in talks with lenders to change the terms on more than $1 billion in non-first-lien debt to reduce interest expenses and extend certain maturities. Company is pursuing a secured credit facility, previously mentioned in December, that would be backed by 138 properties. The facility would have a first tranche of about $407 million and a second tranche of up to $200 million.