RadioShack obtains $835 million of new credit facilities
Clients RadioShack Corporation
Jones Day advised RadioShack Corporation, a leading national retailer of innovative mobile technology products and services, in connection with $835 million of new senior secured credit facilities. The new credit facilities consisted of a $535 million asset based revolving credit facility and $50 million asset based term loan arranged by GE Capital and a $250 million term loan provided by Salus Capital Partners and Cerberus. The proceeds of the new credit facilities will be used to repay RadioShack's existing indebtedness and to fund its ongoing turnaround plan.