A&P obtains $150 million revolver

New York, Nov. 18 - Great Atlantic & Pacific Tea Co., Inc. entered into a $150 million five-year revolving credit facility.

Interest is at Libor plus 100 basis points if average daily usage is 33.33% or less, Libor plus 125 basis points if usage is above 33.33% but 66.67% or less, and Libor plus 150 basis points for usage greater than 66.67%, according to an 8-K filing with the Securities and Exchange Commission.

Bank of America, NA is administrative agent and collateral agent, JPMorgan Chase Bank, NA is syndication agent, Wachovia Bank, NA is documentation agent and Banc of America Securities LLC is lead arranger.

The facility was effective Nov. 15.

A&P is a Montvale, N.J., supermarket operator.

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