VILLAGE SUPER MARKET INC (VLGEA): debt financing — Village Super Market secures $5.6M NMTC loan for East Orange replacement store; related-party note with CEO

VILLAGE SUPER MARKET INC

Leveraged $4.4M loan at 1% to Investment Fund, which contributed $6.0M to CDE; CDE lent $5.6M to subsidiary at ~1.24% for store construction.
Valley Bank contributed $1.9M for NMTC tax benefits; Company must indemnify for any recapture over 7-year compliance period.
Company expects pretax benefit of $1.1M in 2032 when Valley Bank exercises put option.
CEO John Sumas owns 5% of Leverage Lender and provided $0.2M loan at 7% interest; Audit Committee approved.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

VILLAGE SUPER MARKET INC incurred loan of $5.6 million with NJCC CDE 49 LLC at approximately 1.24% maturing December 19, 2055.

Instrument: loan
Principal: $5.6 million
Counterparty: NJCC CDE 49 LLC
Rate: approximately 1.24%
Maturity: December 19, 2055
Event: incurrence

Exact text from the filing

Investment Fund is a wholly owned subsidiary of Valley Bank. The Investment Fund then contributed $6.0 million of the proceeds to a CDE, which, in turn, loaned combined funds of $5.6 million, net of debt issuance costs, to Village Super Market of Brick Church LLC, a wholly-owned subsidiary of the Company, pursuant to a loan agreement with NJCC CDE 49 LLC (the “Loan

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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

VILLAGE SUPER MARKET INC entered into Loan Agreement with NJCC CDE 49 LLC (effective 2025-12-19).

Action: entry
Agreement: credit facility
Counterparty: NJCC CDE 49 LLC
Effective: 2025-12-19

Exact text from the filing

On December 19, 2025, Village Super Market, Inc. (the “Company”) entered into a financing transaction with Valley National Bank Community Investment Fund, LLC (“Valley Bank”) under a qualified New Markets Tax Credit (“NMTC”) program related to the construction of a replacement store in East Orange, New Jersey.

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VILLAGE SUPER MARKET INC filing history →

Source: SEC EDGAR

accession 0000103595-25-000024

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