CHANDLER, Ariz. — Bashas' here said it is negotiating a non-binding "term sheet" with its lenders to come up with a new, consensual plan of reorganization — a process expected to take about 30 days. A term sheet is a bullet-point document outlining the terms and conditions of a business agreement that helps legal counsel prepare a final agreement. The company filed for Chapter 11 bankruptcy protection in June and filed a reorganization plan with the U.S. Bankruptcy Court in January, with ...

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.