S&P Downgrades Fairway Group (FWM) to 'D' Amid Chapter 11 Filing
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Fairway Group (FWM) Files Chapter 11 Bankruptcy
May 3, 2016 8:53 AM EDTFairway Group Holdings Corp. (NASDAQ: FWM), the parent company of Fairway Market, the iconic New York food retailer that offers customers a differentiated one-stop shopping experience Like No Other Market, today announced that the Company has reached an agreement with its senior secured lenders holding more than 70% of the Companys senior secured debt on the terms of a reorganization that will eliminate approximately $140 million of senior secured debt and provide financing to restructure the Companys balance sheet.
To implement the agreed upon restructuring, Fairway Group Holdings Corp and certain of its subsidiaries (Fairway)... More
