BofA Provides $140MM DIP Revolver to Tops Markets

Regional supermarket Tops Markets filed for reorganization under Chapter 11. It received a commitment for $140 million in DIP financing from Bank of America to support the restructuring process.

Shearman & Sterling Advises on Bank Financing for Tops Markets

Shearman & Sterling represented Tops Markets, a portfolio company of Morgan Stanley Capital Partners and Graycliff Partners, in connection with a $125 million asset-based revolving credit facility arranged by Merrill Lynch and Wells Fargo Capital Finance.