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Cases & Deals

May 31, 2018

Southeastern Grocers Successfully Emerges From Bankruptcy Under Prepackaged Plan

Represented Lone Star Funds in its capacity as sponsor and bondholder in the prepackaged chapter 11 cases of Southeastern Grocers, LLC, one of the largest supermarket companies in the United States.  The prepackaged plan provided for an orderly transfer of majority ownership of SEG to its bondholders, the deleveraging of SEG’s capital structure (decreasing SEG’s debt levels by ~$600 million), and the payment of material consideration to Lone Star on account of its bond and equity interests.