GREENVILLE, S.C. - Bi-Lo on Friday said it had received court approval for a revised $125 million in debtor-in-possession financing facility from GE Capital. The company said it had reviewed "several" DIP financing proposals from different lenders since filing for Chapter 11 bankruptcy protection three weeks ago. "We are pleased to have reached this agreement," said Michael Byars, president and chief executive officer of Bi-Lo. in a prepared statement. "The revised agreement we have ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Why Register for FREE?
Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick. What are you waiting for! In addition you will also receive complimentary access to the SN salary survey data tables.
Attention Paid Print Subscribers: While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.