The United States Bankruptcy Court has granted final approval for Winn-Dixie Stores Inc's $800 million debtor-in-possession (DIP) credit facility from
April 1, 2005
The United States Bankruptcy Court has granted final approval for Winn-Dixie Stores Inc's $800 million debtor-in-possession (DIP) credit facility from Wachovia Bank NA. The DIP credit facility, which replaces the Jacksonville FL-based supermarket chain's previous $600 million credit line, will be used to supplement cash flow during the firm's reorganization.
In February, as part of its voluntary filing to reorganize under Chapter 11, Winn-Dixie filed more than 25 First Day Motions to continue to operate its business. At hearings this week, Judge Robert D Drain of the US Bankruptcy Court for the Southern District of New York granted final approval of the firm's request to:
Continue payment of salaries, wages, and health and welfare benefits to associates as normal.
Pay vendors for goods and services provided on or after Feb 22, 2005.
Continue honoring obligations to its customers under the company's Customer Reward Card program.
All Winn-Dixie stores in the United States and the Bahamas are open and conducting business as usual.
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
The company’s Garfield location now is its first certified customs-bonded cold storage warehouse in Washington, helping customers navigate the complexity of global trade.
Sunswap’s zer0-emission transport refrigeration units with batteries and roof-mounted solar panels are expected to help Tesco meet its sustainability goals.
Innovative new cold storage facility with martime and rail capabilities in New Brunswick, Canada, will be the operator’s sixth Canadian location when it opens in 2026.
