COLUMBIA, S.C. — Creditors in the Bi-Lo bankruptcy case have withdrawn a proposed plan of reorganization after term lenders withdrew their plans to invest in it, court documents filed this week show. The official committee of creditors and an ad-hoc committee of term lenders had collaborated on a plan that would have provided new investment of $79.5 million and new term notes of $164.1 million. Bi-Lo and its owners, Lone Star Funds, had submitted a competing plan. It was unclear Thursday ...
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.