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Foodarama to Restructure Debtit is not in compliance with several bank covenants, Foodarama Supermarkets here is preparing a business plan for a restructuring of its $35.2-million debt that could enable it to amend its credit agreements.Officials of the 19-unit chain -- the second largest ShopRite operator -- said there are no assurances that a forbearance agreement or amended credit agreements can

Foodarama to Restructure Debt

it is not in compliance with several bank covenants, Foodarama Supermarkets here is preparing a business plan for a restructuring of its $35.2-million debt that could enable it to amend its credit agreements.

Officials of the 19-unit chain -- the second largest ShopRite operator -- said there are no assurances that a forbearance agreement or amended credit agreements can be negotiated.

However, the company said it is discussing the te

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