New York — The Anti-Defamation League’s National Consumer Technology Industry divisio
RadioShack will offer $325 million in convertible senior notes to institutional investors.
The chain will use approximately $40 million of the proceeds for transactions related to the offering, and about $100 million to repurchase shares of its common stock.
The balance will be used for general corporate purposes, including as a source of working capital to replace RadioShack's $300 million revolving credit facility, which is scheduled to expire next June.
The sale of the notes is expected to close on Aug. 18.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.