The Deal reported that A&P received interim approval from the bankruptcy court to tap $50 million of a $100 million debtor-in-possession loan from Fortress Credit.

The Deal noted the third-lien, new-money term loan DIP is priced at Libor plus 11.5%, with the rate increasing an additional 2% on default. The DIP carries a $25,000 administrative fee and a 2.5% closing fee, according to The Deal.

The Wall Street Journal reported that A&P was planning to file for Chapter 11 banktrupcy earlier this week.

Read the full report from The Deal here.