BI-LO LLC and certain affiliates May 12 announced that it has successfully completed its financial restructuring and emerged from Chapter 11 protection.
“Today is a great day for BI-LO, our Teammates and our loyal customers,” said Michael Byars, president and chief executive officer of BI-LO in a May 12 company news release. “With our financial restructuring now behind us, we are emerging from Chapter 11 with a strengthened balance sheet and enhanced financial flexibility that positions BI-LO for continued success in the markets in which we operate. Our lean capital structure and more focused footprint will enable us to continue ...
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