Winn-Dixie parent company moves forward with bankruptcy

Southeastern Grocers received bankruptcy court approval Monday to proceed with its debt restructuring plans. The Jacksonville-based grocer, which announced its Chapter 11 bankruptcy filing on March 15, operates Winn-Dixie, Harveys, Bi-lo and Fresco y Mas banners throughout the Southeast. The refinancing initiative includes lowering debt by about $600 million — including $522 million of debt exchanged for equity in the reorganized company — and closing 94 stores. The move leaves SEG with about…

Read more at: Tampa Business News - Local Tampa News | The Tampa Bay Business Journal

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