Great American Capital Partners, a wholly owned subsidiary of B. Riley Financial, said it has led a $25 million senior secured first-in last-out (FILO) term loan to General Wireless Operations, doing business as RadioShack. The term loan is part of a $75 million financing package that includes a $50 million asset-based revolving credit facility led by RBC Capital Markets.

Earlier this year, General Wireless, an affiliate of the New York-based investment firm, Standard General, acquired certain assets of RadioShack, including more than 1,700 store leases, the RadioShack trademark and other intellectual property. General Wireless intends to rebuild the RadioShack brand around a core product base to be sold alongside Sprint Corp. wireless products.

“This financing is an important component to General Wireless’ plans to revitalize the RadioShack brand,” said John Ahn, president of GACP. “Transactions of this type also exemplify the increasing demand we’re seeing for non-traditional financing solutions from underserved middle-market companies.”

Soo Kim, managing partner and chief investment officer of Standard General, commented: “This financing gives RadioShack the flexibility and support to fully implement its strategic plan. GACP has been an invaluable partner and we plan to build upon our relationship as we take RadioShack to the next level in its strategic development.”