Analyst: Southeastern Grocers 'will not be around in 5 years'

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Southeastern Grocer’s bill is coming due, and the Jacksonville-based company’s struggle to refinance $1 billion in debt could result in a Chapter 11 bankruptcy restructuring, according to industry analysts. Southeastern Grocers, parent company of Bi-Lo, Harveys, Winn-Dixie and Fresco Y Mas, has reportedly hired Evercore, an investment bank, to advise it as the grocer restructures its debt. SEG had approximately $470 million in notes due in September and another $425 million in notes due in...

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