SYRACUSE, N.Y. -- Penn Traffic has agreed to sell all five of its warehouses and then lease them back in a transaction that will give the retailer-distributor based here $37 million that it will use to reduce debt and emerge from bankruptcy protection. The announcement came as Penn Traffic filed a plan of reorganization with U.S. Bankruptcy Court of the Southern District of New York. That filing was delayed multiple times as the company sought to finalize a plan to sell various assets and ...

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 a complimentary copy of SN's salary survey sent to you by email.

Click here to read the FAQ page if you have any questions (opens in a new window)

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.

Already registered? here.