SYRACUSE, N.Y. -- Penn Traffic Co. here said last week it has emerged from nearly four months under bankruptcy protection and is now operating under a reorganization plan that eliminates its $1.13 billion debt. The company also said it entered into a new $320 million secured credit agreement with a bank group led by Fleet Capital Corp., Boston. Also last week, Penn Traffic's board of directors met and elected a new chairman, Peter Zirkow, managing director for investment banking at Paine ...
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.