JACKSONVILLE, Fla. - Groups representing bondholders and vendors of Winn-Dixie Stores here last week reached a compromise over consolidation of the retailer's entities, removing a major barrier to Winn-Dixie's emergence from Chapter 11 bankruptcy, an attorney for the trade creditors told SN.The vendors, owed $70 million overall, had asked that Winn-Dixie and its 23 subsidiaries also filing in the
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JACKSONVILLE, Fla. - Groups representing bondholders and vendors of Winn-Dixie Stores here last week reached a compromise over consolidation of the retailer's entities, removing a major barrier to Winn-Dixie's emergence from Chapter 11 bankruptcy, an attorney for the trade creditors told SN.
The vendors, owed $70 million overall, had asked that Winn-Dixie and its 23 subsidiaries also filing in the Chapter 11 case pool their assets and liabilities. The official creditors committee, dominated by bondholders owed $300 million, favored separate treatment so as to assert its claims against multiple entities, Califano explained.
