RadioShack Corp. (RSH) Underperform Rating Maintained at Wedbush
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RadioShack (RSH) on Watch After Reporting Agreements to Restructure Debt
October 6, 2014 8:58 AM EDTRadioShack Corporation (NYSE: RSH) late on Friday announced that it has entered into definitive agreements to restructure a portion of its existing debt, providing additional near-term liquidity and serving as a first step in a stronger foundation for the Company's continued business transformation.
Standard General LP and certain other investors have replaced GE Capital as lead lender under RadioShack's senior secured asset based credit facility ("ABL Facility") which will allow immediate access to additional liquidity. Other investors, including RadioShack shareholders Standard General and Litespeed Management LLC, are providing $120 million to be used... More
