Restructured Bi-Lo Moves Out Of Bankruptcy

Law360, New York (May 12, 2010, 5:26 PM EDT) -- With a plan in place to reduce its funded indebtedness by $60 million, supermarket chain Bi-Lo LLC says it has completed its financial restructuring and is out of bankruptcy.

The company announced its emergence in a statement Wednesday, saying its new-look balance sheet is stronger than before and equips the company with added financial flexibility for a competitive market.

“Our lean capital structure and more focused footprint will enable us to continue putting our customers first and exceeding their expectations every time they visit our stores,”...
To view the full article, register now.