We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Winn-Dixie Picks Up $725M Exit Loan

Law360 (July 28, 2006, 12:00 AM EDT) -- Winn-Dixie Stores Inc. checked out with a $725 million exit loan on Thursday, putting the supermarket chain in the express line to emerge from Chapter 11 bankruptcy protection in October, as planned.

Judge Jerry Funk of the U.S. Bankruptcy Court for the Middle District of Florida approved the financing, authorizing Winn-Dixie to enter into an agreement with Wachovia Bank.

The supermarket chain will use the financing mainly to pay off its debtor-in-possession loan and to provide working capital.

“It appear[s] to the court that the relief...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.