Slide 1: Term Lenders' Claimed Defaults
Exhibit 99.1 TERM LENDERS’ CLAIMED DEFAULTS
Slide 2: Table of Contents
Table of Contents • Overview • Claimed Defaults • RadioShack Position • Forward-Looking Statements 2
Slide 3: Overview
Overview • Claimed defaults purportedly arise under RadioShack’s $250 million term loan facility closed on December 10, 2013, with lending affiliates of Salus Capital Partners and Cerberus Business Finance (the “Term Lenders”) • Notice delivered by Salus Capital Partners, as the agent for the Term L
Slide 4: Claimed Defaults
Claimed Defaults 1. Entry into the October 3, 2014 Recapitalization Agreement and the Amendment to RadioShack’s ABL Credit Facility allegedly constituted prohibited “affiliate” transactions 2. Conversion of revolving loans to term loans under the ABL Credit Facility allegedly resulted in a permanent
Slide 5: RadioShack Position
RadioShack Position RadioShack believes that no event of default has occurred under the SCP Credit Agreement and that the demand for immediate payment or any other exercise of remedies is without merit The following pages set forth the Term Lenders’ claims and RadioShack’s position 5
Slide 6: RadioShack's Position on "Affiliate" Claim
RadioShack’s Position on “Affiliate” Claim Term Lenders’ Claim RadioShack’s Position Entry into Recapitalization Neither General Retail Holdings Agreement and Amendment to (“GRH”) nor General Retail RadioShack’s ABL Credit Facility Funding (“GRF”), the parties to the constituted prohibited transacti
Slide 7: RadioShack's Position on "Affiliate" Claim
RadioShack’s Position on “Affiliate” Claim Term Lenders’ Claim RadioShack’s Position GRH and GRF are “Affiliates” The stock ownership of GRH and because investors in such entities GRF is 0%; conflating GRH and allegedly own more than 10% of GRF with Standard General or other the voting stock of Radi
Slide 8: RadioShack's Position on "Affiliate" Claim
RadioShack’s Position on “Affiliate” Claim Term Lenders’ Claim RadioShack’s Position GRH is an “Affiliate” because it has The power to direct or cause the direction of the the power to direct or cause the management and policies of RadioShack is direction of the management and vested as a matter of
Slide 9: RadioShack's Position on "Affiliate" Claim
RadioShack’s Position on “Affiliate” Claim Term Lenders’ Claim RadioShack’s Position GRH is an “Affiliate” because it The transaction committee consisting of has the power to direct or cause three RadioShack representatives and the direction of the management three GRH representatives does not confe
Slide 10: RadioShack's Position on "Affiliate" Claim
RadioShack’s Position on “Affiliate” Claim Term Lenders’ Claim RadioShack’s Position RadioShack’s covenants in the Covenants are between RadioShack and Recapitalization Agreement to GRH, not between RadioShack and its indemnify its directors and officers directors and officers allegedly constitute i
Slide 11: RadioShack's Position on Over-Advance Claim
RadioShack’s Position on Over-Advance Claim Term Lenders’ Claim RadioShack’s Position Conversion of revolving loans to The aggregate amount of term loans under ABL Credit Revolving Loan Commitments Facility resulted in a permanent remains $535 million reduction in revolving Revolving Loan Commitment
Slide 12: RadioShack's Position on Payment Restriction Claim
RadioShack’s Position on Payment Restriction Claim Term Lenders’ Claim RadioShack’s Position Amendment to ABL Credit Facility The changes did not make breached the term loan facility by applicable provisions limiting making limitations on RadioShack’s ability to make RadioShack’s ability to make pay
Slide 13: RadioShack's Position on Borrowing Base Claim
RadioShack’s Position on Borrowing Base Claim Term Lenders’ Claim RadioShack’s Position A borrowing base certificate RadioShack has never reflected delivered by RadioShack under an inventory liquidation value on the ABL Credit Agreement its borrowing base certificate that allegedly overstated the ra
Slide 14: Forward-Looking Statements
Forward-Looking Statements This presentation contains forward-looking statements, as referenced in the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect management’s current views. These statements can be identified by the fact that they include words like “o