Great American Capital Partners, LLC (GACP) has led a $25 million senior secured first-in last-out (FILO) term loan to General Wireless Operations, Inc., doing business as RadioShack. The term loan is part of a $75 million financing package that...
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July 07, 2015, 07:33 AM
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The dismantling of RadioShack Corp. grew closer to completion with the auctioning of the 94-year-old electronics retailer’s name to hedge fund Standard General LP for $26.2 million, a recent Bloomberg article reports.The Bloomberg article notes...
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May 15, 2015, 07:47 AM
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Reuters reports that Salus Capital LLC filed an adversary complaint on Wed Mar. 18 in RadioShack Corp's Chapter 11 bankruptcy that seeks to hold credit bidding in the electronic retailer's upcoming auction to $111 million.The Reuters report notes...
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March 19, 2015, 07:49 AM
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Bloomberg reports RadioShack Corp.’s biggest shareholder, already seeking to buy hundreds of stores from the bankrupt electronics retailer, agreed to a separate sale of the chain’s name, with bids to start at $20 million.
The Bloomberg article notes...
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February 26, 2015, 08:01 AM
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Bloomberg reports RadioShack Corp. spent an emergency loan on fees and other payments to favored lenders in what creditors said was a departure from a judge’s orders.The judge overseeing the bankruptcy approved RadioShack’s borrowing of $10 million...
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February 25, 2015, 07:53 AM
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Store closing sales started today at over 1,700 RadioShack locations throughout the country. RadioShack, one of America's largest consumer electronics retailers, filed for Chapter 11 Bankruptcy Protection and has engaged a joint venture comprising...
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February 09, 2015, 07:50 AM
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Fitch Ratings has downgraded the Long-term Issuer Default Rating (IDR) for RadioShack Corporation (RadioShack) to 'D' from 'C' following the company's announcement that it has filed Chapter 11. Fitch has also affirmed the 'CCC-/RR2' rating on...
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February 09, 2015, 07:15 AM
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Reuters reported that electronics retailer RadioShack Corp filed for U.S. bankruptcy protection on Thursday and said it had a deal in place to sell as many as 2,400 stores to an affiliate of hedge fund Standard General, its lender and largest...
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February 06, 2015, 07:53 AM
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Hedge fund Standard General LP is in talks to serve as the lead bidder at a bankruptcy auction for RadioShack Corp, the struggling consumer electronics retailer, the Wall Street Journal and Reuters reported on Feb. 1, citing people familiar with the...
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February 02, 2015, 07:41 AM
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A major RadioShack Corp. lender is attempting to buy a bigger part of the electronic retailer's debt in exchange for backing the company's store-closing plan, Bloomberg reported, citing people familiar with the matter.Salus Capital Partners LLC is...
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October 31, 2014, 07:36 AM
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RadioShack Corporation announced that Standard General LP and certain other investors have replaced GE Capital as the lead lender under RadioShack's $585 million senior secured asset based lending (ABL) credit facility (which included a $50 million...
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October 07, 2014, 07:26 AM
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RadioShack Corporation announced the appointment of Holly F. Etlin as interim chief financial officer, replacing John Feray. Feray resigned on September 12, 2014, citing personal reasons.Etlin, a managing director of AlixPartners and longtime...
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September 16, 2014, 07:09 AM
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RadioShack's weak operating results are expected to further constrain its liquidity in 2014, leaving the company with a limited window of opportunity to turn around its business, according to Fitch Ratings.
On March 4, 2014, the company reported a...
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March 07, 2014, 07:45 AM
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Bloomberg reported that Fort Worth-based RadioShack, which is retooling its stores to try to reverse a sales slide, received commitments for $835 million in new financing. Bloomberg obtained this information from sources with knowledge of the matter....
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October 22, 2013, 07:42 AM
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