New York, October 22, 2013 -- RadioShack Corporation's ("RadioShack") announcement that it has secured $835 million in new senior secured financing to refinance its existing $450 million ABL revolving credit facility and its existing $175 million term loan will have no immediate effect on RadioShack's Caa1 corporate family rating, its Caa1-PD probability of default rating, the Caa2 rating of its $325 senior unsecured notes, its SGL-1 speculative grade liquidity rating or its negative ratings outlook. The new credit facilities maturing in 2018 will close in the fourth quarter of fiscal 2013 and comprise of a $585 million ABL revolving credit facility and a $250 million senior secured term loan.
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