FREEHOLD, N.J. -- Foodarama Supermarkets here said its creditors have agreed to extend their standstill agreement with the company until Nov. 30 to give the company more time to restructure its debt.the holders of its senior notes said they will delay exercising their rights -- a process that resulted from specified defaults under the company's present loan agreements.Foodarama officials said they
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FREEHOLD, N.J. -- Foodarama Supermarkets here said its creditors have agreed to extend their standstill agreement with the company until Nov. 30 to give the company more time to restructure its debt.
the holders of its senior notes said they will delay exercising their rights -- a process that resulted from specified defaults under the company's present loan agreements.
Foodarama officials said they are confident they will be able to reach agreement on the restructuring of the company's institutional indebtedness during the forbearance period.
