BI-LO seeks five-month exclusivity extension for five-year plan work

By Caroline Salls

Pittsburgh, June 18 - BI-LO, LLC requested an extension to its exclusive periods to file a plan of reorganization and solicit votes on the plan, according to a motion filed Wednesday with the U.S. Bankruptcy Court for the District of South Carolina.

The company is looking to extend its exclusive plan filing period to Dec. 20, 2009 from July 21 and the solicitation period to Feb. 18, 2010 from Sept. 21.

According to the motion, the company has launched a comprehensive review of its business and is in the process of formulating a detailed five-year business plan that is expected to form the basis for a plan of reorganization and create a path for emergence.

BI-LO, a Greenville, S.C., supermarket operator, filed for bankruptcy on March 23. The Chapter 11 case number is 09-02140.

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