Judge approves A&P bankruptcy exit financing

New York City -- The judge in the Great Atlantic & Pacific Tea Company’s Chapter 11 bankruptcy case on Tuesday approved a $750 million exit financing plan for the supermarket operator.



The approval moves A&P closer toward exiting Chapter 11 and operating as a privately held company.



The financing package consists of a $400 million revolving loan and a $350 million term loan from J.P. Morgan Chase and Credit Suisse.