RadioShack Gets Loan From GE Capital

Published on October 22, 2013
by Drew FitzGerald, Emily Glazer and Dana Mattioli

RadioShack Corp. is getting a financial boost from GE Capital on the cusp of the crucial holiday selling season, people familiar with the matter said.

The General Electric Co. unit will extend loans of around $835 million secured by existing assets, including inventory, to refinance outstanding bank debt, some of the people said. The funds will free up cash for the electronics chain’s overhaul as RadioShack’s losses mount, they said.

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