Home RadioShack says lender invented allegations that it breached loan covenants
 

Keywords :   


RadioShack says lender invented allegations that it breached loan covenants

2014-12-11 18:21:30| Agriculture - Topix.net

RadioShack came out punching Tuesday, and the target of its right hooks and uppercuts was not Best Buy or Fry's but one of its own creditors - Salus Capital Partners, a hard-knuckle lender of last resort to struggling retailers, which is demanding all of its money back. The Fort Worth-based retailer, which arranged a crucial refinancing in October to avoid a bankruptcy filing, said it had received a notice from Salus, a unit of Harbinger Group, claiming that the deal violated terms of its $250 million loan.

Tags: loan invented lender allegations

Category:Agriculture and Forestry

Latest from this category

All news

22.11Hay supply is likely up, but winter feed costs still matter
22.11Future plans for US SHIP and USDA's role explored
22.11Strategy for increasing feed efficiency for cows
22.11Top 3 myths of cattle marketing
22.11Carcass management workshop gets pork producers FAD prepared
22.11Are we close to eliminating Mycoplasma hyopneumoniae from the U.S. swine herd?
22.11Costa to challenge Scott for top House Agriculture Democrat role
22.11Farm Progress America, Nov. 22, 2024
Agriculture and Forestry »
22.11SHIMANO BT Master 11AP)
22.11
22.11
22.11GOLDWIN
22.11Qi10 TOUR 5W WF
22.11
22.11GX HR
22.11 GEORGIA
More »