BI-LO plans $400 million five-year PIK toggle notes for Sept. 16 week

By Paul A. Harris

Portland, Ore., Sept. 11 - BI-LO Holdings LLC plans to price $400 million of five-year PIK toggle notes during the week ahead, according to a market source.

Deutsche Bank Securities Inc. and Citigroup Global Markets Inc. are the joint bookrunners.

The notes will come with one year of call protection.

The Jacksonville, Fla.-based supermarket chain plans to use the proceeds to fund a dividend.

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