The Wall Street Journal reported Salus Capital Partners offered RadioShack $500 million in bankruptcy financing, according to people familiar with the matter, a move that could increase the lender’s influence if the struggling retailer ends up in Chapter 11.
The Journal said further RadioShack hasn’t said it plans to seek bankruptcy protection, but the retailer is running out of cash after posting losses in each of the last 11 quarters.
Previously on abfjournal: RadioShack Hires FTI Consulting for Restructuring, December 17, 2014
To read the entire Journal article, click here.