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Reuters: RadioShack Just Got A $500 Million Lifeline

January 13, 2015, 07:14 AM
Filed Under: Retail

A Reuters article notes Salus Capital Partners has offered to provide $500 million to RadioShack Corp in a kind of debtor-in-possession loan used by companies to fund operations in bankruptcy. The article is based on a  recent Wall Street Journal report.

The offer expires Thursday, the newspaper said, adding that the unsolicited loan would replace a financing package worth $585 million that the struggling consumer electronics retailer obtained in 2013.

To read the entire Reuters article click here

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