BASHAS' EYES NEW PLAN: REPORTS CHANDLER, Ariz. — Bashas' here has reportedly given up on arranging financing that would have allowed it to repay its lenders immediately in cash in the full amounts owed. The chain, which has been operating under Chapter 11 bankruptcy protection since June 2009, is now hoping to pay off creditors in installments, with a balloon payoff after three years, according to published reports. The chain's bankruptcy attorney could not be reached for comment. The ...
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.