VILLAGE SUPER MARKET INC entered into Loan Agreement with NJCC CDE 49 LLC (effective 2025-12-19).
“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.”
Debt Financings
VILLAGE SUPER MARKET INC incurred loan of $5.6 million with NJCC CDE 49 LLC at approximately 1.24% maturing December 19, 2055.
“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”
Nicholas Sumas was appointed as President and Chairman at VILLAGE SUPER MARKET INC.
“and Nicholas Sumas as President and Chairman of the Board of Directors effective December 13, 2024.”
John J. Sumas was appointed as Chief Executive Officer at VILLAGE SUPER MARKET INC.
“The Company also announced that the Board plans to appoint John J. Sumas as the new Chief Executive Officer”
Robert Sumas changed role as Chief Executive Officer and interim Chairman at VILLAGE SUPER MARKET INC.
“On September 19, 2024 announced that Robert Sumas has notified the Board of Directors of his decision to step down as Chief Executive Officer and interim Chairman of the Board of Directors effective December 13, 2024.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.