CHANDLER, Ariz. — Bashas' said last week it believes it is “starting to see the light at the end of the tunnel” of its year-long bankruptcy, though high interest rates in the capital markets are threatening to keep that light at a distance. Edward Basha 3rd, senior vice president, told employees that a pending deal to secure new financing should enable the company to emerge from Chapter 11 bankruptcy protection “no later than August.” The timing of any deal, however, could be dependent on ...
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