RadioShack Gets $835 Million Financing Amid Net Loss
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RadioShack Corp. posted a seventh straight quarterly net loss and said it received commitments for $835 million in new five-year financing to boost liquidity amid a turnaround effort.
The consumer-electronics retailer’s net loss widened to $112.4 million, or $1.11 a share, in the three months through Sept. 30, trailing the average loss of 37 cents anticipated by analysts. RadioShack said in a statement that it ended the fiscal third quarter with total liquidity of $613 million.