Village Super Market Inc. has entered into a new financing agreement with Valley National Bank Community Investment Fund, LLC under the federal New Markets Tax Credit $(NMTC)$ program to support the construction of a replacement store in East Orange, New Jersey. As part of the transaction, VSM New Markets II LLC, an affiliate of Village Super Market, loaned $4.4 million at a 1.0% annual interest rate to an investment fund managed by Valley Bank. Valley Bank also contributed $1.9 million to the fund, which is expected to benefit from NMTC-related tax credits. The investment fund then provided $6 million to a certified community development entity $(CDE)$, which in turn loaned $5.6 million to a Village Super Market subsidiary at a 1.24% interest rate to help finance the project. The arrangement, including related party transactions, was approved by the company’s Audit Committee.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Village Super Market Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000103595-25-000024), on December 29, 2025, and is solely responsible for the information contained therein.
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