SYRACUSE, N.Y. -- Penn Traffic Co. here said last week it is considering filing Chapter 11 bankruptcy if it can secure appropriate debtor-in-possession financing -- its second bankruptcy in four years if it decides to file. The company said it is negotiating a DIP financing arrangement that would enable it to fund continuing operations. It also said it is "considering all strategic alternatives," including Chapter 11, and even if it is able to secure the DIP financing, the ...
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.