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Sears Roebuck Acceptance Corp., 7.00% Notes due 7/15/2042
Ticker Symbol: SBCKP     CUSIP: 812404408     Exchange: OTOTC
Security Type:   Exchange-Traded Debt Security
* NOTE: This security has been delisted at the request of the issuer and is no longer trading
but to our knowledge is still paying distributions to holders.
The security may start trading on the Other OTC market but to date it has not (to our knowledge).
June 14, 2005 -- Sears Roebuck Acceptance Corp., a direct wholly-owned finance subsidiary of Sears, Roebuck and Co. and an indirect wholly-owned subsidiary of Sears Holdings Corporation (Nasdaq: SHLD), announced today the results of its tender offers to purchase for cash any and all of its outstanding 7% Notes due 2042 (CUSIP Number 812404408) and its outstanding 7.4% Notes due 2043 (CUSIP Number 812404507). The Offers expired at 5:00 p.m. New York City time, on Monday June 13, 2005. As of the Expiration Time, $56,264,100 aggregate principal amount of the 7% Notes (representing 50.5% of the outstanding 7% Notes) had been validly tendered and not withdrawn and $43,025,250 aggregate principal amount of the 7.4% Notes (representing 46.1% of the outstanding 7.4% Notes) had been validly tendered and not withdrawn. As a result of the tender offer, $55,089,325 aggregate principal amount of the 7% Notes and $50,370,025 aggregate principal amount of the 7.4% Notes will remain outstanding. The settlement is expected to occur on June 16, 2005.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Sear Roebuck Acceptance Corp., 7.00% Notes, issued in $25 denominations, redeemable at the issuer's option on or after 7/15/2007 at $25 per share plus accrued dividends, and maturing 7/15/2042. Distributions of 7.00% ($1.75) per annum are paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record at the close of business 15 days prior to the payment date (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Distributions paid by these debt securities are interest and as such are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The Notes are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the notes by clicking on the ‘Link to IPO Prospectus’ provided below.
Stock
Exchange
Cpn Rate
Ann Amt
LiqPref
CallPrice
Call Date
Matur Date
Moodys/S&P
Dated
Distribution Dates 15%
Tax Rate
Delisted
7.00%
$1.75
$25.00
$25.00
7/15/2007
7/15/2042
Ba2 BB-
1/22/2009
1/15, 4/15, 7/15 & 10/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Goto Parent Company's Record (SHLDQ)

IPO - 6/25/2002 - 10.00 Million Notes @ $25.00/note.    Link to IPO Prospectus
Previous Ticker Symbol: SRJ    Changed: 2/07/2008
Market Value $247.0 Million

Company's Online Information Links
HOME PAGE:     http://www.sears.com/
Company's Investor Relations Information Goto Investor Relations Information
Company's Online News Releases Goto News Releases
Online Company Profile Goto Online Profile

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Goto SEC Filings

Company's Email Address Links
Email Address invrel@sears.com
Email Contact Form on Website Goto Email Form

Address and Phone Numbers
Address:   3333 Beverly Road, Hoffman Estates, IL 60179
Main Phone Number 847-286-2500
Fax Number 847-286-7829
Investor Relations 847-286-7385
Toll Free Phone Number 800-732-7780
CEO - Alan J. Lacy CFO - Glenn R. Richter

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