Daily News: October 3, 2014

RadioShack Said to Reach $590MM Refi

Bloomberg reported RadioShack reached an agreement with a consortium led by Standard General to refinance about $590 million of loans to re-stock ahead of the holidays, according to a person familiar with the matter.

According to Bloomberg , Standard General, a New York-based hedge fund, will lead a group of lenders to refinance debt outstanding under a $535 million asset-backed revolving credit line from GE Capital, according to the Bloomberg source.

To read the entire Bloomberg article, click here.