Judge Approves Financing for A&P

SN STAFF

WHITE PLAINS, N.Y. — The judge A&P’s bankruptcy case on Monday gave final approval to an $800 million financing package for the retailer, reports said.

The loan had been contested by certain bondholders who argued that its structure put them further behind in a line to be repaid. The loan had been approved on an interim basis after the retailer filed for Chapter 11 protection last month.

According to a Bloomberg report, lawyers reported that certain disagreements were ironed out in advance of the decision, although some disputes remained unsettled.