Penn Traffic's Lenders Agree to Credit Amendments

SYRACUSE, N.Y. -- Penn Traffic Co. said Tuesday that its lenders have agreed to extend the deadline for it to deliver audited financial statements until June 30.

SYRACUSE, N.Y. -- Penn Traffic Co. said Tuesday that its lenders have agreed to extend the deadline for it to deliver audited financial statements until June 30. Lenders also agreed to waive a requirement for Penn Traffic to provide audited 2005 financial figures, and to extend a period during which Penn Traffic must pay a “prepayment premium” to its lenders to Jan. 13, 2008. The amended facilities, for which Penn Traffic paid an undisclosed fee, would allow the company to un

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