Pathmark extends $250 million credit facility

New York, Oct. 1 - Pathmark Stores Inc. said it entered into an amended and restated $250 million senior secured credit facility with lenders led by Fleet Retail Group.

The new facility, which closed Friday, matures in five years and is made up of a $180 million revolver and a $70 million term loan.

"We are pleased to have put in place a new five-year facility, which lowers our borrowing costs, increases our financial flexibility and strengthens our liquidity," said Eileen Scott, Pathmark's chief executive officer, in a news release.

Pathmark is a Carteret, N.J., supermarket operator.

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