Daily News: October 31, 2014

RadioShack Lender Salus Seeking to Add Debt

Bloomberg reported key RadioShack lender Salus is attempting to secure a bigger piece of the electronic retailer’s debt in exchange for agreeing to back the company’s store-closing plan, according to two people with knowledge of the discussions.

According to Bloomberg , Salus Capital Partners is seeking to buy as much as $465 million of the $585 million of loans arranged for affiliates of RadioShack’s largest shareholder, Standard General, according to the Bloomberg sources.

The loans were bought from General Electric’s finance arm earlier in a deal that helped the retailer avoid bankruptcy, Bloomberg said further.

To read the entire Bloomberg article, click here.