SYRACUSE, N.Y. -- Penn Traffic Co. here intends to use the Chapter 11 process to become a stronger operation with a better-defined niche, the company said after filing its second Chapter 11 reorganization petition in four years. Penn Traffic filed for bankruptcy protection 10 days ago after securing the financing it needed -- an initial debtor-in-possession loan of $70 million, with expectations the U.S. Bankruptcy Court will approve a permanent $270 million DIP facility within 45 ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.