Shares of RadioShack Corporation RSH are trading higher Friday morning on news of a deal with Standard General and other lenders to refinance roughly $590 million of loans.
The deal will give RadioShack access to more cash ahead of the holiday selling season, with lower restrictions on its revolving credit line.
RB Trader noted unusual option activity Thursday, with more than 10,000 of the October 1 calls that expire next Friday trading, more than 10 times the open interest.
Shares of RadioShack were up 33 percent at $1.32 in pre-market trading.
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