RadioShack will contest ‘wrong’ claims of lender

RadioShack Corp. said Tuesday it has received a notice from its lender saying the retailer has failed to meet required covenants under its $250 million term loan.

RadioShack said it believes the claims are “wrong and self-serving.” Salus Capital Partners and Cerberus Business Finance entered into a new agreement with RadioShack on Oct. 3.

The claims relate to the recapitalization and investment agreement and amendment to the term loan.

The Fort Worth consumer electronics chains said it intends to “vigorously contest the claims.”

Lenders holding a majority of the loans under the credit facility have told the company that they intend to continue to extend it credit under the terms of the loan, RadioShack said.

RV shipments to dealers expected to rise 4% in 2015

RV manufacturers have made up more ground since being sideswiped by the Great Recession, and production is expected to return next year to levels seen before the downturn.

Overall recreational vehicle shipments from manufacturers to dealers – a key measure of consumer demand – are expected to increase by nearly 4 percent to 361,400 units in 2015, the Recreation Vehicle Industry Association said Tuesday. Shipments totaled 353,400 units in 2007, the last year before sales tanked along with the economy.

Home Depot buys company from its former supply unit

Home Depot will acquire HD Supply Hardware Solutions from its former HD Supply unit for an undisclosed sum, the companies announced Tuesday.

HD Supply Hardware Solutions, based in Aliso Viejo, Calif., is a supplier of business hardware, fasteners, ropes and chains, mainly to Atlanta-based Home Depot, which accounts for 98 percent of the company’s sales.

The HD Supply unit has four distribution centers, including one in Atlanta, and more than 1,000 employees.