Sears Hometown and Outlet Stores, Inc. (NASDAQ:SHOS) announced today the development of new transactional websites and the closing of an amended credit agreement. "Both the new websites and our credit agreement are important next steps for the future of our company," said Will Powell, President and CEO of Sears Hometown and Outlet Stores, Inc. Hometown eCommerce Launch: Recently ranked 111th in the Internet Retailer 500, Sears Hometown and Outlet Stores has further expanded its capabilities as an ecommerce retailer with the launch of three new ecommerce websites for its Hometown segment: SearsHometownStores.com, SearsHomeApplianceShowroom.com and SearsHardwareStores.com. Prior to the launch of these sites, the company operated SearsOutlet.com and sold merchandise through 3rd party marketplaces including eBay. As part of the company's larger IT transformation project, the new websites launched one quarter earlier than planned, allowing the sites to be live prior to the holiday season. "These new sites allow us to provide a cohesive, local Omni-channel experience," said David Buckley, Chief Marketing Officer and Vice President of eCommerce. "Consumers can see in-store pricing and availability, buy online and pick up in-store, order product to be delivered to the store for free, or have the product shipped directly to their home." Buckley continued, "We believe this will improve the Company's long-term competitive position. Our estimates are that more than 20 percent of appliance sales are now occurring online, with over 75 percent of those purchases being delivered directly to the consumer. Based on our experience with SearsOutlet.com, the company also expects a significant improvement in the effectiveness of digital marketing to drive brick and mortar sales." In 2016, the Company was ranked by Internet Retailer as the 25th fastest growing retail chain in ecommerce. Amended Credit Agreement: On November 1, 2016, the Company and certain affiliates entered into an Amended and Restated Credit Agreement which provides (subject to availability under a borrowing base) for aggregate maximum borrowings of $250.0 million (the "Amended and Restated Credit Agreement"). The Amended and Restated Credit Agreement provides for extended revolving credit commitments in an aggregate amount equal to $170.0 million (the "Extended Revolving Credit Commitments") and non-extended revolving credit commitments in an aggregate amount equal to $80.0 million (the "Non-Extended Revolving Credit Commitments").