* Says bankruptcy court confirms reorganization plan

* Says expects to emerge from Chapter 11 shortly

* Says gets $117.5 mln in new first lien exit financing

By Santosh Nadgir

BANGALORE, April 17 (Reuters) - U.S. restaurant chain Buffets Holdings Inc said on Friday that a Delaware bankruptcy court has confirmed its reorganization plan and that it expects to emerge from Chapter 11 shortly.

The company said in a statement that it has received commitments totaling $117.5 million in new first lien exit financing from various lenders.

The money will enable the company to satisfy its Chapter 11 plan obligations and provide working capital for ongoing operations, it said.

"In addition, $139.8 million in second lien rollover financing will remain from the pre-petition lenders," the statement said.

In December, the company had said it was on track to exit bankruptcy protection in the first quarter of 2009.