Winn-Dixie Stores could emerge from Chapter 11 by late October with up to $725 million in exit financing. The supermarket chain revealed the exit financing on Thursday, as part of the reorganization plan it filed with a federal bankruptcy court in Florida. A sticking point on forming a reorganization plan had been a dispute among unsecured creditors over substantive consolidation, which was resolved through a June 14 settlement.
July 05, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Winn-Dixie Stores Inc. could emerge from Chapter 11 by late October with up to $725 million in exit financing.
The supermarket chain on June 28 revealed the exit financing as part of the reorganization plan it filed with the U.S. Bankruptcy Court for the Middle District of Florida in Jacksonville, where it’s based.
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