Monday, September 15, 2014

"RadioShack CFO resigns; AlixPartners MD named interim CFO" $RSH


"The company said on Monday it named AlixPartners LLP managing director Holly Etlin as interim CFO. Advisory firm AlixPartners has been helping RadioShack with its turnaround since July 2013. Feray, who joined in February from Dollar General Corp , resigned on Sept. 12 citing personal reasons, RadioShack said in a statement."


Anonymous said...

When does this end?

CP said...

Well, I can't imagine that they'll make the November unsecured interest payment, for one thing.

Anonymous said...

They really only have two options to make that payment: 1) liquidate inventory or 2) further draw down the $585 ABL credit facility.

UBS may not find new lenders to replace the latter before November.

It seems more like UBS is running a DIP roadshow.