A&P plans to repay credit facility with $225 million notes proceeds

By Jennifer Chiou

New York, July 23 - The Great Atlantic & Pacific Tea Co., Inc. announced plans to repay borrowings under its credit facility using the proceeds from its offer of $225 million of senior secured notes due 2015.

Remaining proceeds will be used for general corporate purposes.

The company is a Montvale, N.J.-based supermarket chain.

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