RadioShack $1.2 billion Chapter 11 restructuring

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