BI-LO LLC and certain affiliates April 29 announced that the U.S. Bankruptcy Court for the District of South Carolina April 29 confirmed the company’s reorganization plan, dated April 13. BI-LO expects to emerge from bankruptcy in May (In re BI-LO LLC).
Previously, the company and certain affiliates on Nov. 23, 2009, announced that it had filed its reorganization plan and disclosure statement (21 BBLR 1708, 12/3/09).
The plan is sponsored by Lone Star Funds and includes a $150 million new equity investment by Lone Star and $200 million in committed term loan financing from Credit Suisse. In addition, GE ...
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