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Restructured Bi-Lo Moves Out Of Bankruptcy

Law360 (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,”...
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