RadioShack to get liquidity boost via replaced facility

[riky]

RadioShack to get liquidity boost via replaced facility

<p><a href="http://news.yahoo.com/radioshack-reaches-refinancing-deal-standard-general-bloomberg-050117836--sector.html"><img src="http://l3.yimg.com/bt/api/res/1.2/nmn5avsqbILrfL_TexIONg--/YXBwaWQ9eW5ld3M7Zmk9ZmlsbDtoPTg2O3E9Njk7dz0xMzA-/http://media.zenfs.com/en_us/News/Reuters/2014-10-03T050117Z_1_LYNXNPEA9203Z_RTROPTP_2_RADIOSHACK-RESULTS.JPG" width="130" height="86" alt="Sign for a RadioShack store is seen in the Brighton Beach section of the Brooklyn borough in New York" align="left" title="Sign for a RadioShack store is seen in the Brighton Beach section of the Brooklyn borough in New York" border="0" /></a>By Sruthi Ramakrishnan (Reuters) - RadioShack Corp said a group of investors led by Standard General LP have replaced GE Capital as lead lender of its asset-based credit facility, in a move that will allow the struggling electronics retailer to tap more funds ahead of the crucial holiday shopping season. Standard General, Litespeed Management LLC and other investors are also providing $120 million to be used to cash collateralize letters of credit for the company, RadioShack said in a statement. ...</p><br clear="all"/>

Source: You are not allowed to view links. Register or Login