GREENVILLE, S.C. — U.S. Bankruptcy Court has confirmed a plan of reorganization for Bi-Lo here, clearing the final hurdle for the retailer to emerge from Chapter 11 bankruptcy. The plan, sponsored by Bi-Lo’s owner Lone Star Funds, includes a $150 million new equity investment from Lone Star and $200 million in new financing from Credit Suisse. In addition, GE Capital is providing a $150 million revolving credit facility. Bi-Lo said it expects to have between $40 million and $50 million of ...
REGISTER TO VIEW THIS ARTICLE - Register for a Free Account
Registering for content on Supermarket News will give youINSTANTaccess 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’sFREE, easy and quick. What are you waiting for!In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
Attention Paid Print Subscribers: While you have already been grantedfreeaccess to SNwe ask that youregister now.We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.