GE Capital is Administrative Agent on $585 Million Credit Facility for RadioShack Corporation

  GE Capital is Administrative Agent on $585 Million Credit Facility for
  RadioShack Corporation

Business Wire

NORWALK, Conn. -- December 10, 2013

GE Capital, Corporate Retail Finance today announced it is serving as
administrative and collateral agent on a $585 million senior secured credit
facility for RadioShack Corporation (NYSE: RSH), a leading electronics
retailer. The facility was provided alongside an additional $250 million
secured term loan facility arranged by Salus Capital Partners, LLC. The
combined proceeds of $835 million will refinance existing debt and provide
additional liquidity as the company engineers a comprehensive operational
turnaround. GE Capital Markets served as joint lead arranger and joint
bookrunner on the $585 million facility.

“We are pleased to have GE Capital as a strategic lender and the financial
flexibility this new facility provides RadioShack,” said Joseph C. Magnacca,
CEO of Radio Shack. “GE Capital’s expertise in retail finance was important in
structuring and arranging this new financing and providing us with maximum

“We know how to help companies realize their full borrowing potential,” said
Jim Hogan, senior managing director, GE Capital, Corporate Retail Finance. “We
have a long history of providing retailers with the capital they need to
execute their business plan.”

Based in Fort Worth, TX, RadioShack is a national retailer of mobile
technology products and services, as well as products related to personal and
home technology and power supply needs. RadioShack offers consumers an
assortment of electronic products and services from leading national brands,
exclusive private brands and major wireless carriers. RadioShack's retail
network includes approximately 4,300 company-operated stores inthe U.S., over
270 company-operated stores in Mexico, and approximately 1,000 dealer and
other outlets worldwide.

About GE Capital, Corporate Retail Finance

GE Capital, Corporate Retail Finance is a leading provider of senior secured
loans and equipment finance to U.S. retailers supporting growth, working
capital, acquisitions, turnarounds and balance sheet optimization. Funding may
be provided through GE Capital, Corporate Retail Finance’s affiliate, GE
Capital Bank, Member, FDIC. With Access GE, clients also benefit from access
to GE’s best practices to help build their business. Visit or follow @GELendLease on Twitter.

GE Capital offers consumers and businesses around the globe an array of
financial products and services. For more information, visit or
follow company news via Twitter (@GECapital).

GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in energy,
health and home, transportation and finance. For more information, visit


GE Capital, Corporate Retail Finance
Jeff Wilson
GE Capital, Americas
Ned Reynolds
203 229 5717
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