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 ...
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