San Antonio — The Progressive Retailers Organization was at the Westin La Cantera Hill Coun
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.