Bankruptcy Court frees up A&P financing

The U.S. Bankruptcy Court for the Southern District of New York has approved A&P’s First Day Motions, including granting immediate access to $50 million of the $100 million debtor-in-possession financing provided by Fortress Investment Group. This will enable A&P to continue operating its stores and pay its suppliers, vendors, employees and others in the ordinary course of business.

The development comes after A&P exec

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