Bi-Lo Eyes Bankruptcy Exit With Fresh Capital, Debt

GREENVILLE, S.C. Bi-Lo will likely emerge from Chapter 11 bankruptcy protection under the same owner and executives it entered with almost a year ago. The retailer filed an amended plan of reorganization in federal court this month funded by a $150 million equity investment by its owner, the Dallas-based private equity firm Lone Star Funds, a $200 million new term loan and a working capital facility

GREENVILLE, S.C. — Bi-Lo will likely emerge from Chapter 11 bankruptcy protection under the same owner and executives it entered with almost a year ago.

The retailer filed an amended plan of reorganization in federal court this month funded by a $150 million equity investment by its owner, the Dallas-based private equity firm Lone Star Funds, a $200 million new term loan and a working capital facility of $150 million. The plan would pay previous lenders about $260 million — abo

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