Save-A-Lot

Save A Lot has reached an agreement with a substantial majority of its lenders to recapitalize the business and deleverage its balance sheet. An infusion of new capital will support the Company’s operations and the acceleration of its business transformation plan. …

The discount grocery chain closed at least three stores in Northeast Florida since December. …

Save A Lot, a U.S. discount grocer, today announced that it has reached an agreement with a substantial majority of its lenders to recapitalize the business and deleverage its balance sheet. An infusion of new capital will support the Company’s operations and the acceleration of its business transformation plan. …

Save-A-Lot’s Canadian owner recently told investors it has had interest from “multiple strategic partners” interested in buying the discount grocery chain. …

Save-A-Lot Ltd, the U.S. discount grocer owned by private equity firm Onex Corp, is exploring a sale of all or part of itself, as it grapples with increased competition and a swelling debt load, people familiar with the matter said on Monday. …