August 17, 2017 2:29 PM ET

Food and Staples Retailing

Company Overview of Fairway Georgetowne LLC

Company Overview

Fairway Georgetowne LLC operates food retail store. The company was incorporated in 2013 and is based in New York, New York. Fairway Georgetowne LLC operates as a subsidiary of Fairway Group Acquisition Company.

2284 12th Avenue

New York, NY 10027

United States

Founded in 2013

Key Executives for Fairway Georgetowne LLC

Fairway Georgetowne LLC does not have any Key Executives recorded.

Fairway Georgetowne LLC Key Developments

Second Amended Reorganization Plan & Disclosure Statement Approved for Fairway Group Holdings Corp.

The US Bankruptcy Court approved the second amended plan of reorganization and related disclosure statement of Fairway Group Holdings Corp. on June 8, 2016. The debtor filed its second amended plan in the Court on June 8, 2016 and disclosure statement on May 2, 2016. As per the amended plan, credit agreement agent fees, administrative claims, priority tax claims in the amount of $0.92 million, and fee claims in the amount of $1.95 million shall be paid in full in cash. Non-tax priority claims (including priority trade claims) in the amount of $20 million and other secured claims shall be paid in full in cash or reinstated. The outstanding principal amount of the DIP term loan in the amount of $55 million and DIP letter of credit facility of $30.61 million shall be converted to the first out exit term loan and exit letters of credit facility. Priority non-tax claims and secured loan claims shall receive payment in cash in an amount equal to such claim or shall be reinstated. Allowed secured loan claims in the amount of $278.99 million shall receive pro rata share of 90% of the new common stock, the last out exit term loan, and the subordinated Holdco loan. Debtors shall continue to pay or treat each allowed general unsecured claim in the ordinary course of business as if the chapter 11 cases had never been commenced. All intercompany claims shall be reinstated. All existing holdings interests shall be deemed canceled, and shall not receive or retain any property under the plan. All intercompany interests shall be unaffected by the plan and continue in place. Subordinated securities claims shall not receive or retain any property. The plan shall be funded through cash on hand, issuance of new equity and exit facility in the amount of $169.61 million.

Second Amended Reorganization Plan Filed by Fairway Group Holdings Corp.

Fairway Group Holdings Corp., along with its affiliates, filed a second amended joint plan of reorganization in the US Bankruptcy Court on June 8, 2016. As per the amended plan filed, no changes were made in the treatment of claim classes.

First Amended Reorganization Plan Filed by Fairway Group Holdings Corp.

Fairway Group Holdings Corp., along with its affiliates, filed a first amended joint plan of reorganization in the US Bankruptcy Court on June 6, 2016. As per the amended plan filed, Credit Agreement Agent Fees shall be paid in full in cash. No changes were made in the treatment of other claim classes.

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