Fairway Completes Financing

Fairway Market parent company Sterling Investment Partners said the local food retailer has completed a $114 million debt financing. The financing, led by Credit Suisse Securities (USA) and Jefferies Finance, will be used to repay existing bank debt and fund future store expansion, Sterling said. Fairway operates five high-volume grocery stores in the New York metropolitan area and has begun

NEW YORK — Fairway Market parent company Sterling Investment Partners said the local food retailer has completed a $114 million debt financing.

The financing, led by Credit Suisse Securities (USA) and Jefferies Finance, will be used to repay existing bank debt and fund future store expansion, Sterling said.

Fairway operates five high-volume grocery stores in the New York metropolitan area and has begun construction on three new locations slated to open in the next 18 mo

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