Winn-Dixie Files Reorganization Plan

Law360, New York (June 29, 2006, 12:00 AM EDT) -- Winn-Dixie Stores Inc. could emerge from Chapter 11 protection as soon as late October, with enough financing to open new stores and invest in the more than 500 stores it already has, according to a reorganization plan filed Thursday.

The supermarket chain also said it received a commitment for up to $725 million in exit financing from Wachovia Bank, which will replace its debtor-in-possession credit facility. It expects to emerge with little long-term debt.

“Upon emergence, Winn-Dixie will be in a stronger and more financially stable...
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