Shearman & Sterling represented Tops Markets, LLC and its affiliates in connection with a $25 million senior secured bridge loan agreement, with Morgan Stanley Senior Funding, Inc. as administrative agent, and an amendment to Tops' existing $70 million asset-based senior secured credit facility to increase commitments under the revolving facility to $100 million and add an $11 million term loan tranche. Borrowings under the senior secured bridge loan agreement and the amended asset-based senior secured credit facility were used to finance in part Tops' acquisition of substantially all of the assets of Penn Traffic.

The Shearman & Sterling team that represented Tops included partners Maura E. O'Sullivan (New York-Finance), Jason Lehner (Toronto-Capital Markets), Kenneth Laverriere (New York-Executive Compensation & Employee Benefits), Don J. Lonczak (Washington, DC-Tax), and Malcolm Montgomery (New York-Property); counsel Patricia Anne Kuhn (New York-Executive Compensation & Employee Benefits); associates Tim Andison (New York-Finance), Zheng Bao (Menlo Park-Intellectual Property Transactions), Karen Holdridge (New York-Property), Steven Homan (New York-Asset Management), Devin Lei (New York-Finance), Owen McCarthy (New York-Finance), G.Matthew Tsiaras (Washington, DC-Tax), Veronica M. Wissel (New York-Executive Compensation & Employee Benefits); and legal assistants Christine Dionne (New York-Finance) and Sunita Daswani (New York-Finance)