A&P files for bankruptcy, gets OK for loan | StarTribune.com

A&P files for bankruptcy, gets OK for loan StarTribune.com: "A&P files for bankruptcy, gets OK for loan
Great Atlantic & Pacific Tea Co., the bankrupt operator of almost 400 supermarkets, won interim permission to draw on an $800 million loan to fund operations. The loan, subject to minor changes, was approved Monday during A&P's first-day bankruptcy hearing in White Plains, N.Y. The retailer, incorporated 110 years ago and based in Montvale, N.J., also runs stores under its own name and a number of others. It listed assets of $2.5 billion and debt of $3.2 billion in a Chapter 11 filing."