Bi-Lo, Creditors File Reorganization Plans

Bi-Lo LLC and its creditors have separately filed official plans of reorganization in U.S. Bankruptcy Court here.

GREENVILLE, S.C. — Bi-Lo LLC and its creditors have separately filed official plans of reorganization in U.S. Bankruptcy Court here. Both Bi-Lo’s plan — sponsored by its owner, Lone Star Funds — and the creditor’s committee plan contemplate Bi-Lo continuing to operate as a going concern with a new infusion of cash, but they differ on how the retailer would manage potential litigation.

“Today marks a significant milestone and an important next step in our restructuring efforts,”

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