Court OKs Bi-Lo Plan to Emerge From Chapter 11

GREENVILLE, S.C. — U.S. Bankruptcy Court has confirmed a plan of reorganization for Bi-Lo here, clearing the final hurdle for the retailer to emerge from Chapter 11 bankruptcy.

GREENVILLE, S.C. — U.S. Bankruptcy Court has confirmed a plan of reorganization for Bi-Lo here, clearing the final hurdle for the retailer to emerge from Chapter 11 bankruptcy.

The plan, sponsored by Bi-Lo’s owner Lone Star Funds, includes a $150 million new equity investment from Lone Star and $200 million in new financing from Credit Suisse. In addition, GE Capital is providing a $150 million revolving credit fa

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