GREENVILLE, S.C. — Bi-Lo LLC has completed its financial restructuring and emerged from protection under Chapter 11.
Bi-Lo LLC has completed its financial restructuring and emerged from protection under Chapter 11.
"This announcement is great for Bi-Lo, our teammates and our loyal customers," comments Michael Byars, president and chief executive officer. "With our financial restructuring now behind us, we are emerging from Chapter 11 with a strengthened balance sheet and enhanced financial flexibility that positions Bi-Lo for continued success in the markets in which we operate.
"Our lean capital structure and more focused footprint will enable us to continue putting our customers first and exceeding their expectations. Much of our success in emerging from Chapter 11 can be attributed to our focus on providing customers unsurpassed savings without sacrifice."