Bashas' Waiting for Interest Rates to Drop: Attorney

CHANDLER, Ariz. — Bashas’ here hopes to emerge from Chapter 11 bankruptcy by July — if it can obtain better interest rates than are available now on the bank loans it is lining up, Michael McGrath, the chain's bankruptcy attorney, told SN on Friday after a bankruptcy court meeting.

CHANDLER, Ariz. — Bashas’ here hopes to emerge from Chapter 11 bankruptcy by July — if it can obtain better interest rates than are available now on the bank loans it is lining up, Michael McGrath, the chain's bankruptcy attorney, told SN on Friday after a bankruptcy court meeting.

Bashas' is working with a couple of investment banking firms to secure financing that would allow the chain to emerge, he said

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