Winn-Dixie and BI-LO parent plans $500M IPO

Southeastern Grocers, formerly Bi-Lo Holdings and parent of BI-LO and Winn-Dixie Stores, has filed for an initial public offering to raise as much as $500 million. Lead underwriters are Citigroup, Credit Suisse and Deutsche Bank. The company aims to repay debt and build working capital, according to the filing.

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