SYRACUSE, N.Y. -- Penn Traffic Co. here last week said it would not make a scheduled $8.6 million interest payment, leaving it to bondholders to decide the next move. The company, which is in the process of negotiating a consensual, prearranged restructuring, actually owed the payment in mid-December, but took advantage of a 15-day grace period which expired Dec. 30. In mid-December Penn Traffic said it intended to make the payment by that deadline. Bondholders could choose to request that ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

WhyRegisterfor FREE?

Salary Survey 2015

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 complimentary access to the SN salary survey data tables.

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 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.

Already registered? here.