News & Announcements

Weil Advises Tops Holding in Chapter 11 Restructuring

Weil is representing Tops Holding II Corporation and certain of its affiliates (the Company) in their chapter 11 cases, which were recently commenced in the United States Bankruptcy Court for the Southern District of New York. The Company is a leading supermarket retailer, operating 169 full-service supermarkets, and five franchised stores, in Upstate New York, Northern Pennsylvania, and Vermont. The Company’s balance sheet includes approximately $1.18 billion of total liabilities.

As part of its chapter 11 filing, Weil advised the Company on its entry into a $265 million debtor in possession credit facility, comprised of a DIP term loan facility and an asset-based credit facility. Weil also represented Tops Holdings in connection with an interim arrangement between the company and its largest supplier, C&S Wholesale Grocers, Inc., establishing the terms of the parties’ relationship during the chapter 11 case.

The Weil team representing Tops is led by Business Finance & Restructuring Department Co-Chair, Ray C. Schrock, P.C. and partners Stephen Karotkin and Sunny Singh. The team also includes Global Finance head Daniel S. Dokos; Capital Markets partner Heather L. Emmel; Litigation partner Richard Slack; Mergers & Acquisitions partner Gavin Westerman; Tax partners Stuart Goldring and Mark Hoenig; Executive Compensation & Benefits Department Head Paul Wessel; Employment Litigation counsel Lawrence Baer; Business Finance & Restructuring associates Arkady Goldinstein, Moshe A. Fink, Paloma Van Groll, Vincent Yiu, Michael Tomback and Ramsey Scofield (Not Yet Admitted in New York); Banking & Finance associates Sasha Shulzhenko, Thomas Mastoras, Christina O’Connell and Vaishali Mahna (Not Yet Admitted in New York); Capital Markets associate Aman Singh; Litigation associates Agustina Berro and Victor Leung; Tax associates Joseph Reich and Michael Rivkin; and Executive Compensation & Benefits associate Craig Olshan.

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