In December 2013, Salus Capital (a unit of Harbinger Group) and Cerberus Capital Management issued a quarter-billion dollars in financing to struggling retailer RadioShack Corporation. Among the terms of this deal were restrictions which prevented RadioShack from closing more than 200 of its 4275 company-owned retail stores a year and limited its ability to refinance, which proved to be a key obstacle leading to that firm's February 2015 Chapter 11 bankruptcy as the chain was forced to keep more than a thousand unprofitable stores open. Fidelity & Guaranty Life, the insurer backed by Harbinger Group, also has a $50 million stake in the RadioShack bankruptcy. An impairment of $105.0, out of the $150 million net exposure, recognized as of March 31, 2015.