Winn-Dixie Stores, Inc. (NYSE:WIN) announced yesterday that it has completed its previously announced $1.1 billion financing package. 

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Today, the Company closed an $800 million senior secured credit facility with a group of lenders, of which $400 million was borrowed as a six-year term loan and the remaining $400 million is available under revolving credit facilities.  The Company also closed today $300 million of 8.875% Senior Notes Due 2008.  Winn-Dixie will use the aggregate net funds to refinance existing indebtedness and for general corporate purposes.


First Union and Merrill Lynch acted as joint-lead arrangers for the $800 million credit facility.  First Union serves as administrative agent and sole book-runner, and Merrill Lynch serves as syndication agent, under the credit facility.


Merrill Lynch and First Union acted as joint-lead managers for the 8.875% Senior Notes.  Merrill Lynch was sole book-running manager.


Winn-Dixie Stores, Inc., (WIN: NYSE), is one of the nation’s largest supermarket retailers, with over 1,100 stores in 14 states and the Bahamas.  For more information on Winn-Dixie, visit its official website at http://www.winn-dixie.com.

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