RadioShack Completes $75M Financing

radioshackGeneral Wireless Operations Inc., doing business as RadioShack, which retails technology products and services, completed new financing totaling $75m.

The financing consisted of a $50m Asset Based Lending credit facility led by RBC Capital Markets and a $25 million first-in last-out term loan led by Great American Capital Partners.

The company intends to use the funds to continue investing in and improving the brand by enhancing its in-store experience, delivering a new product mix of electronics, and continue developing its partnership with Sprint, building out more than a thousand “Sprint Stores at RadioShack” in locations across the country.

Led by Ron Garriques, Chief Executive Officer, RadioShack RadioShack is a national retailer of innovative technology products and services, as well as products related to personal and home technology and power supply needs. It offers products and services from top national brands, exclusive private brands, and mobile services through its wireless partner Sprint.
RadioShack has over 1,700 company-owned stores and over 600 dealer franchise locations as well as 1,400 Sprint Stores at RadioShack located nationwide.

FinSMEs

06/07/2015

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