CHANDLER, Ariz. — Bashas’ here hopes to emerge from Chapter 11 bankruptcy by July — if it can obtain better interest rates than are available now on the bank loans it is lining up, Michael McGrath, the chain's bankruptcy attorney, told SN on Friday after a bankruptcy court meeting. Bashas' is working with a couple of investment banking firms to secure financing that would allow the chain to emerge, he said, "and we had hoped we could complete the process by May or June. But given 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 a complimentary copy of SN's salary survey sent to you by email.
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.