The Deal reported that RadioShack revealed comparable store sales declined 19% year-over-year on the way to a wider than expected loss of about $166 million.

According to The Deal , the retailer announced it would close up to 1,100 stores or about a fifth of its total locations.

The Deal notes that RadioShack’s total debt as of December 31, 2013 was $614 million, which is covered under a November refinancing that included a $535 million senior secured ABL revolver and a $250 million term loan. The lender group included: GE Capital, CIT Corporate Finance, RBS Citizens and Salus Capital Partners.

To read the entire Link The Deal article, click here.

Previously on GE Capital, Salus Capital Arrange RadioShack Refi, December 11, 2013