Friday 3 October 2014

RadioShack to get liquidity boost via replaced facility: sources

Sign for a RadioShack store is seen in the Brighton Beach section of the Brooklyn borough in New York (Reuters) - A group of investors led by RadioShack Corp's largest shareholder, Standard General LP, have replaced a $585 million debt facility that had been provided to the electronics retailer by GE Capital in a move that will allow the struggling company to tap more funds, sources familiar with the matter said. The deal arranged by the hedge fund, which holds a 9.8 percent stake in RadioShack, has less restrictive terms than the GE facility and will help ease the company's cash problems ahead of the holiday shopping season. ...




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