RadioShack $1.2 billion Chapter 11 restructuring

31/3/2015
Chapter 11 - US Bankruptcy Code

$ 1.2 billion

Completed

31/3/2015


Overview:

  • RadioShack has exited Chapter 11 bankruptcy proceedings. 
  • The electronics store filed for Chapter 11 with $1.2 billion in debts in early February 2015. 
  • As part of the restructuring, RadioShack sold $150 million in assets to private equity firm Standard General.
  • The company also obtained $585 million in asset-backed loans $285 million in debtor-in-possession financing. 
  • The asset-backed financing was given by an investor group and the debtor-in-possession financing was provided by a group of multi-strategy funds. 
  • Cantor Fitzgerald Securities acted as agent for the asset-backed lenders.

Kurt Stumpo - Journalist

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