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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.

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