GE Capital Leads $125 Million Debtor-in-Possession Financing to BI-LO, LLC

NORWALK, Conn. - GE Capital, Restructuring Finance today announced it led a $125 million debtor-in-possession (DIP) credit facility to BI-LO, one of the largest supermarket chains in the Southeastern U.S. The loan will be used for working capital needs as the company restructures under Chapter 11. GE Capital Markets arranged the transaction.

Founded in 1964, BI-LO is a privately held company based in Mauldin, SC. The company operates 215 supermarkets in South Carolina, North Carolina, Georgia and Tennessee.

“The DIP facility from GE provides the liquidity and flexibility we need in this market,” said Brian Carney, CFO of BI-LO. “GE’s extensive retail and restructuring knowledge, coupled with a great working relationship, helped us secure capital to meet our turnaround plans.”

“Specializing in both retail and restructuring finance means GE is uniquely positioned to provide borrowers with smarter loan structures in short order,” said Tim Tobin, managing director of retail restructuring for GE Capital, Restructuring Finance.

In 2008, GE Capital was the number one DIP lender by volume with approximately $2 billion committed on 21 deals. To date in 2009, the Restructuring Finance business has led 6 DIP financings providing over $600 million.

About GE Capital, Restructuring Finance

GE Capital, Restructuring Finance is a leading provider of senior secured loans to distressed companies supporting Chapter 11 filings, plan-of-reorganizations and out-of-court restructurings. Visit www.gelending.com/clnews.

GE Capital offers consumers and businesses around the globe an array of financial products and services. GE (NYSE: GE) is Imagination at Work - a diversified technology, media and financial services company focused on solving some of the world’s toughest problems. For more information, visit the company’s Web site at www.ge.com.