UTICA, N.Y. -- Victory Markets here has obtained a $2.5 million line of credit from one of its wholesalers, C&S Wholesale Grocers, Brattleboro, Vt.
The agreement was disclosed last week during a preliminary hearing in the U.S. Bankruptcy Court for the Northern District of New York here. Clark Ogle, president and chief executive officer, told SN the money will be used to pay for the company's general cash needs as it operates under Chapter 11 protection. "That [line of credit] will give ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
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.