Hedge fund Standard General, which recently raised its stake in RadioShack to 9.8% to become its biggest shareholder, will form a consortium of lenders to refinance debt outstanding under a $535 million credit line from the lending unit of General Electric Co, GE Capital. According to the person familiar with the situation, refinancing of some additional debt is also included in the agreement. Last week, Standard General announced it was in advanced talks to improve the companys cash position in order to re-stock in the eve of the upcoming holiday season and to improve the electronics retailers flexibility, lifting the restrictions under its current debt agreement of how much money it can draw from the asset-backed revolving credit line. RadioShack Corp. rose by 1.59% on Thursday in New York to close at $0.99 per share, marking a one-year change of -70.80% and giving it a market value of $99.68 million.