Penn Traffic Gets Extensions on Credit Agreements

Penn Traffic Co. here said it has secured extensions to its existing credit agreements, which were set to expire April 13.

SYRACUSE, N.Y. — Penn Traffic Co. here said it has secured extensions to its existing credit agreements, which were set to expire April 13. The new agreement with GE Corporate Lending was extended until April 13, 2010; and the agreement with Kimco Capital Corp. was extended until April 13, 2009. The company said it can extend the Kimco agreement for one additional year if certain financial ratios and other conditions are met. The existing agreements provide for $162 million of available credi

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