USA: Winn-Dixie pays US$100m of debt early
Jacksonville, Florida-based grocery giant Winn-Dixie Stores revealed yesterday [Monday] that it has paid down US$100m of its debt earlier than planned.
The company explained that the latest payment, made using excess free cash flow from its operations, is in addition to the US$150m it paid down on 29 January.
At the end of its Q3 on 3 April, Winn-Dixie filed a report with the Securities & Exchange Commission (SEC), which noted that it had long-term debt amounting to US$540.6m.
Winn-Dixie Stores has decided to sell or close 35 stores as part of a store portfolio review to save the US retailer on the verge of bankruptcy. ...
Grocery chain Winn-Dixie Stores posted a net loss of US$1.98m for the four weeks ending 14 December 2005 - after making a US$39.88m profit during the previous month, reported Dow Jones. ...
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