A&P in Ch. 11: Financial Shelves Are Bare

Burton, Paul
December 2010
High Yield Report;12/20/2010, Vol. 21 Issue 51, p1
The article reports on the Chapter 11 protection of Great Atlantic & Pacific Tea Co., the 150-year-old supermarket chain known commonly as A&P. The company has 2.5 billion U.S. dollars in assets and 3.2 billion U.S. dollars in liabilities based on its filing with the U.S. Bankruptcy Court for the Southern District of New York in White Plains. Debtor-in-possession financing will be provided by JPMorgan Chase & Co.


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