"RadioShack Said to Seek Lender Accord on Default Claims" $RSH

BB article:

"The company will ask Salus Capital Partners LLC to defer efforts to force an immediate default on the second-lien term loan and to engage in talks at the start of 2015, said the person, who asked not to be named because the matter is private. [...]

RadioShack also plans to move forward with recapitalization deals to which it has agreed with creditors, including a rights offering and a debt-for-equity conversion, which are set to take place in the beginning of 2015, said the person. Negotiations with bondholders who own $324.8 million of the company’s 6.75 percent notes due May 2019 would resume shortly after the recapitalization is completed, the person said."

"Asking" Salus to waive default sounds like they have no actually leverage to fight the default (as they blustered yesterday).