Newswatch

Bashas' here has reportedly given up on arranging financing that would have allowed it to repay its lenders immediately in cash in the full amounts owed. The chain, which has been operating under Chapter 11 bankruptcy protection since June 2009, is now hoping to pay off creditors in installments, with a balloon payoff after three years, according to published

BASHAS' EYES NEW PLAN: REPORTS

CHANDLER, Ariz. — Bashas' here has reportedly given up on arranging financing that would have allowed it to repay its lenders immediately in cash in the full amounts owed. The chain, which has been operating under Chapter 11 bankruptcy protection since June 2009, is now hoping to pay off creditors in installments, with a balloon payoff after three years, according to published reports

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