Bashas' to Negotiate New Reorganization

CHANDLER, Ariz. — Bashas' here said it is negotiating a non-binding "term sheet" with its lenders to come up with a new, consensual plan of reorganization — a process expected to take about 30 days.

CHANDLER, Ariz. — Bashas' here said it is negotiating a non-binding "term sheet" with its lenders to come up with a new, consensual plan of reorganization — a process expected to take about 30 days. A term sheet is a bullet-point document outlining the terms and conditions of a business agreement that helps legal counsel prepare a final agreement.

The company filed for Chapter 11 bankruptcy protection in June and

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