* Gets access to remaining $450 mln
* Q3 sales fall 9 pct to $1.79 bln
Jan 13 Bankrupt grocer Great Atlantic & Pacific
Tea Co Inc GAPTQ.PK posted a 9 percent fall in third-quarter
sales and said it received final court approval for its
debtor-in-possession facility, giving it access to the
remaining $450 million.
The company known as A&P, which filed for bankruptcy
protection in December, earlier had about $350 million
available under the DIP facility.
Third-quarter sales fell to $1.79 billion from $1.96
billion a year earlier, A&P said in a filing with the U.S.
Securities and Exchange Commission.
Once the largest U.S. grocer, the owner of about 400 stores
under brands such as A&P, Waldbaum's and Super Fresh filed for
Chapter 11 bankruptcy, drained of cash by tough competition and
a sluggish economic recovery. [ID:nN12172233]
(Reporting by Mihir Dalal in Bangalore; Editing by Anne