Daily News: September 11, 2014

RadioShack Said to Be Seeking Refi from UBS, Standard General

Bloomberg reported UBS AG is working with Standard General on loans for RadioShack, bringing another potential ally to the company as it tries to avert bankruptcy, according to three people with knowledge of the matter.

According to Bloomberg , the money under the plan raised would first refinance debt outstanding under a $535 million asset-backed revolving credit line from GE Capital, according to the soures, who asked not to be named because the negotiations are private.

To read the entire Bloomberg article, click here.

Previously on abfjournal: Bloomberg: RadioShack’s Comeback Attempt Runs Into Electronics Slump, June 13, 2014