RadioShack Corp (RSH.N)
19 Dec 2014
|Market Cap (Mil.):||$38.07|
|Shares Outstanding (Mil.):||100.70|
(This article first appeared in the Dec 12 edition of the International Financing Review, a Thomson Reuters publication)
(The following statement was released by the rating agency) NEW YORK, December 11 (Fitch) Fitch Ratings believes that the massive cost cutting plan outlined today by RadioShack is likely not sufficient to forestall a restructuring of the company's debt in the near term. Fitch currently rates RadioShack Corporation's (RadioShack) Long-term Issuer Default Rating (IDR) 'C'. A full list of ratings is shown below. RadioShack's liquidity is severely strained, with $43.3 million of cash and $19.3
- Electronics retailer RadioShack Corp said lenders have not agreed to the closure of 1,100 stores, raising doubts about its turnaround and sending its shares down 7 percent.
Dec 11 - Struggling electronics retailer RadioShack Corp reported a 16 percent drop in quarterly sales and said it was undertaking cost-cutting actions to boost earnings by over $400 million annually.
(The following statement was released by the rating agency) NEW YORK, December 11 (Fitch) ISDA's Credit Determinations Committee meeting scheduled for later today could have lasting implications for RadioShack Corporation, with credit default swap (CDS) spreads now at all-time wides, according to Fitch Solutions in its latest CDS Case Study Snapshot. Five-year CDS on Radioshack have widened 93% since the start of the month to price at their widest-ever levels. 'Mounting market concern for Ra
NEW YORK, Dec 10 (IFR) - The International Swaps and Derivatives Association's Credit Determinations Committee said on Wednesday it would reconvene tomorrow to discuss whether a credit event has occurred with respect to struggling electronics retailer RadioShack.
Dec 5 - The following corporate finance-related stories were reported by media:
Dec 4 - Electronics retailer RadioShack Corp will stop matching employees' retirement-fund contributions and review health benefits to help cut costs, Bloomberg reported on Thursday, citing an internal memo.
Dec 2 - RadioShack Corp said it received a notice from lender Salus Capital Partners accusing it of breaching covenants on a $250 million term facility, claims the troubled electronics retailer called "wrong and self serving."
- RadioShack Corp was helped by David Warren’s DW Investment Management LP from going bankrupt, as the hedge fund bought the biggest piece of the struggling electronics retailer's loan, Bloomberg reported on Friday citing people familiar with the matter.