Tuesday, August 26, 2014

DW: "RadioShack landlords retain advisors to prep for restructuring talks" $RSH

Debtwire story:

"An ad hoc group of RadioShack landlords has engaged Kelley Drye as legal counsel, alongside financial advisory firm Province, as the retailer gears up for a potential restructuring, according to three sources familiar with the matter.

The assignments come as RadioShack’s ability to remain solvent is under question amid an escalating cash burn, the sources added. As such, the retailer is working with Jones Day to craft a workout plan, while an ad hoc group of bondholders has formed."

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