The Traderszone Network

Published in TZ Latest News 12 September, 2014 by The TZ Newswire Staff

RadioShack mulls $585 million financing package from UBS, Standard General: WSJ

UBS will coordinate $325 million of commitments and Standard General will arrange $260 million in financing, replacing a $585 million loan and credit facility from GE Capital, a unit of General Electric Co (GE.N), the financial daily reported. The new loans, a last-ditch effort that could still fall through, would loosen some restrictions in the terms of GE Capital’s loan, giving RadioShack quicker access to cash through the holiday season, WSJ reported.