Tops files reorganization plan in U.S. Bankruptcy Court

Press release: Tops Markets LLC (“Tops” or the “Company”) today (Aug. 31) announced that it has filed a Plan of Reorganization (the "Plan") and a related Disclosure Statement with the United States Bankruptcy Court for the Southern District of New York. The Plan incorporates the Company’s court-approved agreements with its unions and is supported by certain of the company’s senior secured lenders that hold more than 87 percent of its Senior Secured Notes due 2022. "The filing of our Plan moves Tops another step closer to a successful completion of our financial restructuring," said Frank Curci, CEO of Tops. “We are pleased to submit a plan that will establish a sustainable capital structure and provide the financial flexibility to create an even more exceptional shopping experience for our customers and emerge from this process as a stronger competitor.” Curci added, "We thank our employees for maintaining our high quality […]