Winn-Dixie might be closing stores in the near future following word the company is filing for bankruptcy.

Bloomberg reports the supermarket chain that owns Winn-Dixie will be preparing for a bankruptcy filing.

The national news outlet reports Bi-Lo LLC is looking to shutter nearly 200 stores due to the possible filing for bankruptcy. Bi-Lo is reportedly more than $1 billion in debt after being bought out by Lone Star Funds in 2005.

Winn-Dixie has gone bankrupt several times in 2005 and 2009, according to Bloomberg.

First Coast News reached out to Southeastern Grocers for comment on the report and received the following statement:

Southeastern Grocers is undertaking an ongoing strategic review in advance of our unsecured bond maturity later this year. The company’s business operations continue to be strong, as we serve our customers with quality and commitment by working seamlessly with our business partners every day. We are dedicated to being a great place for associates to work and a great place for our customers to shop by providing quality, service and value in the communities we serve.