Fairway to emerge from Chapter 11

Fairway to emerge from Chapter 11

Fairway Group Holdings said Wednesday it would emerge from Chapter 11 bankruptcy protection later this month following court approval of its plan of reorganization.

Judge Michael E. Wiles on Tuesday approved the plan in a New York federal court. Fairway said the company anticipates emerging from bankruptcy protection the week of June 20 as a private company with approximately $50 million in cash and with its debts reduced to $140 million and annual debt service reduced by $8 mil

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