Pathmark Stores took action last week to clean up its balance sheet under a plan it will later make official through the filing of a prepackaged Chapter 11 bankruptcy. At the end of the process, Pathmark -- long hobbled by debt -- will be in a position to move once again. But in what direction? You'll see further details of the plan in the news article on the front page, but the short version is that Pathmark's bond indebtedness would be reduced from about $960 million to about $590 ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, 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 grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.