GE Capital Provides Restructuring Loan for Bi-Lo

NORWALK, Conn. — GE Capital on Wednesday announced that it had agented a $150 million credit facility for Bi-Lo.

The loan, previously disclosed as part of Bi-Lo's plan of reorganization, will provide working capital and support as the retailer exits from Chapter 11 bankruptcy protection.

"The combination of our retail and restructuring expertise means smarter liquidity solutions for customers through more options and greater flexibility as they complete financial restructurings," Tim Tobin, managing director of retail restructuring for GE Capital, said in a statement.

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