RadioShack offered $500 million loan from Salus Capital

New York -- RadioShack could receive another dose of life support. According to a report by the Wall Street Journal, Salus Capital Partners has offered to 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, said WSJ, adding that the unsolicited loan would replace a financing package worth $585 million that the struggling consumer electronics retailer obtained in 2013. Debtor-in-possession loans generally give the lenders a great deal of sway over a bankruptcy.



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