SYRACUSE, N.Y. -- Penn Traffic Co. here said last week it has reached an agreement in principle on a financial restructuring that it expects to implement through a prenegotiated Chapter 11. ion of senior and subordinated notes and replacing them with new common stock, notes and warrants. The company did not indicate a time frame for filing Chapter 11, noting that the agreement in principle is subject to several conditions, including definitive documentation and consummation of a Chapter 11 ...
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.