We advised the lenders on a new superpriority bridge facility

Davis Polk advised lenders to Fairway Group Acquisition Company in connection with an amendment to Fairway’s existing credit agreement and a new superpriority facility. The new superpriority facility provided for additional liquidity to fund general corporate purposes. Also, the amendment to the existing credit facility offered each lender the opportunity to exchange its existing loans into a second-out tranche of the new superpriority facility, and all lenders chose to participate in the exchange, extending the maturity profile of the company’s capital structure.

Fairway is a chain of specialty grocery markets with 17 locations throughout the New York City metropolitan area.

The Davis Polk restructuring team included partner Damian S. Schaible. The finance team included counsel Christian Fischer and associate Mario Babic. All members of the Davis Polk team are based in the New York office.

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