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13.01.201504:56:47UTC+00Salus Capital to offer $500 million loan to RadioShack: WSJ

Wall Street Journal said that Salus Capital Partners would provide $500 million to RadioShack Corp in a kind of debtor-in-possession loan used by companies to fund operations in bankruptcy.

The offer expires Thursday, the newspaper said, adding that the unsolicited loan would replace a financing package worth $585 million that the struggling consumer electronics retailer obtained in 2013.

Both RadioShack and Salus were not available for comments.

RadioShack’s sales have been dropping since 2010, and said in September that a bankruptcy filing was a possibility. 

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