RadioShack Corp. Announces Completion of Cash Tender Offer for Its 7 3/8% Notes Due 2011
29 September 2009 - 7:21AM
PR Newswire (US)
FORT WORTH, Texas, Sept. 28 /PRNewswire-FirstCall/ -- RadioShack
Corporation (NYSE:RSH) announced today the completion of the cash
tender offer to purchase (the "tender offer") its outstanding 7
3/8% Notes due 2011 (the "Notes"). As of 8:30 a.m., New York City
time, on September 28, 2009, the expiration date of the tender
offer, an aggregate of $43,237,000 principal amount of the Notes
had been validly tendered and not validly withdrawn pursuant to the
tender offer. All of such Notes were accepted per the terms of the
Offer. Because consents were received in respect of less than a
majority of the outstanding Notes pursuant to the consent
solicitation conducted concurrently with the tender offer, the
proposed amendments to the indenture governing the Notes have not
been approved and such indenture has not been amended. This release
is for informational purposes only and is neither an offer to
purchase, a solicitation of an offer to sell, or a solicitation of
consents with respect to, the Notes nor a recommendation regarding
the tender offer and/or consent solicitation. About RadioShack
Corporation RadioShack Corporation (NYSE:RSH), headquartered in
Fort Worth, Texas, is one of the nation's most experienced and
trusted consumer electronics specialty retailers, offering
innovative products and services from leading brands. Our
knowledgeable, helpful sales associates are committed to enhancing
the in-store shopping experience by listening to our customers,
offering advice and partnering with them to find the best
technology solutions that fit their needs. Operating from
convenient and accessible neighborhood and mall locations, the
company has approximately 4,450 company-operated stores; almost
1,400 dealer outlets; nearly 600 wireless phone kiosks throughout
the United States; and approximately 200 company-operated stores in
Mexico. Forward-Looking Statements This press release contains
"forward-looking statements." These forward-looking statements
reflect management's current views and projections regarding the
future. Certain important factors could cause actual events or
results to differ materially from those in the forward-looking
statements. These factors include, but are not limited to, sales
performance, economic conditions, unemployment rates, product
demand, consumer spending, expense levels, availability and cost of
capital, legal and regulatory changes, competitive activity,
interest rates, the value of the U.S. dollar and other currencies,
pandemics, acts of terrorism, war, changes in the company's
financial condition, availability of products, theft, transmission
or unauthorized disclosure of customer, employee or company
information, and other risks associated with the company's vendors
and service providers, the regulatory environment and factors
affecting the retail category in general. Additional information
regarding these and other factors is described in the company's
filings with the Securities and Exchange Commission, including its
most recent Annual Report on Form 10-K and Quarterly Report on Form
10-Q. http://www.newscom.com/cgi-bin/prnh/20000518/DATH047LOGO
http://photoarchive.ap.org/ DATASOURCE: RadioShack Corporation
CONTACT: Investors, Martin O. Moad, Vice President and Controller
of RadioShack Corporation, +1-817-415-2383, Web Site:
http://www.radioshackcorporation.com/
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